Which of the Following Statements Is Not True

question 25

Multiple Choice

Which of the following statements is not true?

• A)If actual sales are greater than budgeted sales, the result is a favorable variance.
• B)If actual cost is greater than budgeted cost, the result is an unfavorable variance.
• C)If budgeted sales are greater than actual sales, the result is an unfavorable variance.
• D)If budgeted cost is greater than actual cost, the result is an unfavorable variance.
• E)If actual cost is less than budgeted cost, the result is a favorable variance.

Understand the fundamental principles of various motivation theories.

Identify and describe the levels and categories within Maslow's hierarchy.

Distinguish between different theorists' contributions to motivation theory (e.g., Maslow, Alderfer, McClelland, Herzberg).

Recognize the implications of motivation theories on workplace behavior.

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Definitions:

Indirect Material Cost

Indirect material costs are costs related to materials that do not directly become part of the final product but are necessary for the manufacturing process.

Direct Material Cost

The expense of basic materials and parts directly utilized in manufacturing a product.

Period Cost

Costs that are not directly tied to the production process and are expensed in the period in which they are incurred, such as selling, general, and administrative expenses.

Opportunity Cost

The cost of forgone alternatives when one option is chosen over another.