If Actual Costs Are Greater Than Standard Costs There Is

question 77

Multiple Choice

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

• A) normal variance.
• B) unfavorable variance.
• C) favorable variance.
• D) error in the accounting system.

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Definitions:

Producer

An organism, typically a plant or algae, that creates its own food through photosynthesis, serving as a primary source of energy in an ecosystem.

Detritivore

An organism that feeds on and breaks down dead plant or animal matter, returning essential nutrients to the ecosystem.

Decomposer

Organisms, such as bacteria and fungi, that break down dead organisms and waste materials, recycling them into the ecosystem.

Realized Niche

The lifestyle that an organism actually pursues, including the resources that it actually uses. An organism’s realized niche is narrower than its fundamental niche because of interspecific competition. Compare with fundamental niche.