Which of the Following Statements Is True

question 195

Multiple Choice

Which of the following statements is true?

• A) Variances are the differences between total actual costs and total standard costs.
• B) When actual costs exceed standard costs the variance is favorable.
• C) An unfavorable variance results when actual costs are decreasing but standards are not changed.
• D) All of the above are true.

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Definitions:

Primed In Memory

Refers to the process of activating particular representations or associations in memory just before carrying out an action or task.

Meta-Cognition

Reflecting on one’s own thought processes.

Contamination

Contamination refers to the presence of undesired substances in or on a material, surface, or environment that can cause harm or damage.

Conjunction

A word used to connect clauses or sentences or to coordinate words in the same clause.