Four-Year-Old Tim Is Extremely Small for His Age, and He

question 91

Essay

Four-year-old Tim is extremely small for his age, and he shows signs of mental retardation. His hair is thinning and his skin is dry. His parents have read about cretinism and pituitary dwarfism as possible diagnoses for their son and have taken him to the pediatrician for tests to be run. Which diagnosis do you think is correct? Explain why.

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Definitions:

Controllable Variance

The difference between the actual and expected or budgeted figures of costs and revenues that management can directly influence or control through their actions.

Direct Labor Hour

A measure of the labor directly spent on manufacturing a product, often used as a basis for allocating labor costs to products.

Direct Materials Price Variance

The difference between the actual cost of materials used in production and the expected (standard) cost.

Direct Materials

Raw materials that are consumed in the production process and can be directly traced to the end product.