When Performing Input-Output Variance Analysis in Standard Costing,"standard Hours Allowed

question 19

Multiple Choice

When performing input-output variance analysis in standard costing,"standard hours allowed" is a means of measuring:

• A)Standard output at standard hours.
• B)Actual output at standard hours.
• C)Standard output at actual hours.
• D)Actual output at actual hours.

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Definitions:

Creativity

The ability to generate novel and valuable ideas or solutions to problems.

Rationalization

A compromise mechanism characterized by trying to justify one’s behavior by constructing bogus reasons for it.

Receptivity

The willingness or readiness to accept or be open to ideas, suggestions, or changes.

Intuition

An understanding or insight gained without the need for conscious reasoning.