Match the Description with the Corresponding Term

question 69

Multiple Choice

Match the description with the corresponding term.
-Deductive reasoning

• A)an orderly pattern of gathering and analyzing information
• B)proposing general explanations from a few observations
• C)proposing specific explanations from a general principle

Analyze sales price and sales volume variances.

Discuss the handling of variances in standard costing systems.

Understand the application of standard rates in overhead costing.

Recognize the importance of revising standards in response to organizational or environmental changes.