An Unfavorable Cost Variance Occurs When the Standard Cost Exceeds

question 9

True/False

An unfavorable cost variance occurs when the standard cost exceeds the actual cost.

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Definitions:

Keyboards

Input devices used to enter characters and functions into a computer system by pressing keys.

Tapes

Refers to magnetic tape used for storing data, traditionally utilized in backup, archival, and data transportation.

System Program

A type of computer program designed to operate, control, and extend the processing capabilities of the computer itself.

Operating System

The software that manages the hardware and software resources of a computer, and provides common services for computer programs.