If Standard Cost Variances Are Allocated (I

question 50

Multiple Choice

If standard cost variances are allocated (i.e., prorated) to inventory and cost of goods sold (CGS) accounts at the end of a period, which of the following is correct?

• A) Conceptually, the amount allocated to each account is based on the relative amount of the current period's standard cost in the end-of-period balance in each account.
• B) The resulting balances represent relative actual cost in each of the affected accounts.
• C) There is a presumption that the net variance for the period is immaterial in amount.
• D) The amount allocated to inventories is generally larger than the amount allocated to CGS.
• E) Adjusting journal entries for income tax effects will have to be made.

Assess nutrition-related physical signs of nutrient deficiency.

Understand how body temperature affects metabolic rate.

Determine the relationship between mineral levels and physical symptoms.

Understand the importance of specific nutrients in pregnancy and disease prevention.

---

Definitions:

Transformational Leadership

A leadership style that inspires positive changes in those who follow, often by creating a vision of the future, motivating and enhancing the morale and performance of followers.

360-Degree Feedback

A feedback process where employees receive confidential, anonymous feedback from those who work around them, including peers, managers, and direct reports.

User-Friendly Factory Machinery

Industrial equipment designed with an emphasis on ease of use, efficiency, and safety for the operator.

Human Factors Psychologists

Professionals who study how people interact with machines and environments to improve safety, efficiency, and productivity.