If Actual Costs Are Greater Than Standard Costs, There Is

question 112

Multiple Choice

If actual costs are greater than standard costs, there is a(n)

• A)normal variance.
• B)unfavourable variance.
• C)favourable variance.
• D)error in the accounting system.

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Definitions:

Anticipated Costs

Expenses that are expected or forecasted for future periods, often planned for in budgets and financial projections.

Idea's Benefits

The advantages or positive outcomes that result from the implementation or acceptance of a particular concept or proposal.

Everyday Practice

The routine actions or behaviors individuals engage in on a daily basis.

Creative Ideas

Novel and valuable thoughts or concepts generated to solve problems or create new opportunities.