A(n)____ Variable Has No Value at All

question 34

Multiple Choice

A(n) ____ variable has no value at all.

• A) null
• B) empty
• C) cipher
• D) negative

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Definitions:

Cost Variance

The difference between actual cost and the flexible budget at actual volumes.

Actual Cost

The incurred expenditure on materials, labor, and overhead necessary to produce a product or perform a service, reflecting the genuine expense.

Standard Cost

A pre-determined cost of manufacturing a product or delivering a service, calculated to help manage budgets and performance evaluations.

Unfavorable Variance

A situation where actual costs exceed budgeted or expected costs, often indicating a need for operational adjustments.