Of the Following,what Is Not True Regarding the Development of the Bicycle

question 16

Multiple Choice

Of the following,what is not true regarding the development of the bicycle?

• A)It led to dress reform for women.
• B)It was originally used by gardeners.
• C)Its derivation stems from hobbyhorses in China.
• D)Its use crossed all social classes.

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Definitions:

Quantity Variance

A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have been used for the actual level of output and multiplying the result by the standard price of the input.

Price Variance

The difference between the actual cost of a good or service and its budgeted or standard cost.

Standard Cost System

A cost accounting system that uses standard costs for products or services to compare against actual costs and analyze variances for management control.

Work In Process Inventory

Goods that are in the process of being manufactured but are not yet complete.