What Are Standard Cost Variances

question 76

Multiple Choice

What are standard cost variances?

• A)Differences between standard and actual costs
• B)Amounts that exceed budgeted amounts
• C)Useful industry-developed amounts that can be used by companies to evaluate their performance
• D)Differences between budgeted and standard amounts

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Definitions:

2s Orbitals

2s orbitals are spherical regions around the nucleus of an atom where there is a high probability of finding an electron, belonging to the second energy level.

2p Orbitals

Refers to the second energy level p orbitals in an atom, encompassing three degenerate orbitals (px, py, pz) shaped like dumbbells and oriented perpendicularly to each other.

Protons

Positively charged particles found within the nucleus of an atom, integral to the chemical identity and properties of an element.

Neutrons

Subatomic particles found in the nucleus of an atom, with no electric charge and a mass slightly greater than that of protons.