Which One of the Following Variances Is of Least Significance

question 7

Multiple Choice

Which one of the following variances is of least significance from a behavioral control perspective? (CMA adapted)

• A) Unfavorable materials quantity variance amounting to 20% of the quantity allowed for the output attained.
• B) Unfavorable labor efficiency variance amounting to 10% more than the budgeted hours for the output attained.
• C) Favorable materials price variance obtained by purchasing raw materials from a new vendor.
• D) Fixed factory overhead volume variance resulting from management's decision midway through the fiscal year to reduce its budgeted output by 20%.

Understand the variety of family structures impacting elderly care.

Identify factors that contribute to life satisfaction in the elderly.

Recognize the importance of close relationships and support networks in elderly well-being.

Compare the mental and financial well-being of elderly individuals in different marital statuses.

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Definitions:

Design Specifications

Detailed descriptions of the materials, dimensions, and quality standards necessary to build a product.

X-bar Charts

A statistical tool used in quality control to track the average of a process over time, helping to identify trends or changes in the process.

Sampling Attributes

The characteristics or features of items in a sample that are measured or identified during quality control processes.

Statistical Process Control

is a method used in manufacturing and business processes to monitor, control, and ensure the quality of processes through statistical analysis.