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:

Legal Restrictions

Laws or regulations that limit or regulate certain actions or practices within a society or organization.

Field of Organizational Behaviour

An interdisciplinary field that studies how individuals, groups, and structure affect and are affected by behavior within organizations, aiming to improve organizational effectiveness and employee well-being.

Prediction

The act of forecasting or projecting the future outcome or trends based on current or past data, analysis, or trends.

Analysis

The process of breaking a complex topic or substance into smaller parts to gain a better understanding of it.