In General,it Is Easier To

question 70

Multiple Choice

In general,it is easier to:

• A)adjust final prices rather than input prices.
• B)adjust input prices rather than final prices.
• C)change wage rates for employees than other input prices.
• D)change input prices than wage rates for employees.

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Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted amount in financial management, often analyzed in cost accounting.

Employee Salaries

The regular compensation paid to employees for their labor or services, typically expressed as an annual amount or hourly wage.

Activity Variance

The difference between the actual cost incurred for an activity and the standard cost set for that same activity.

Total Expenses

The sum of all costs and expenditures that a business incurs during a given period, including operating expenses, cost of goods sold, and other charges.