A Total Variance Is Best Defined as the Difference Between

question 139

Multiple Choice

A total variance is best defined as the difference between total

• A)actual cost and total cost applied for the standard output of the period.
• B)standard cost and total cost applied to production.
• C)actual cost and total standard cost of the actual input of the period.
• D)actual cost and total cost applied for the actual output of the perioD.

---

Definitions:

Time-Driven Activity-Based Costing

A costing method that estimates the costs of resources used in business activities, based on the time those activities take and the rate at which resources are consumed.

Customer Service Department

A functional unit within a business that handles customer inquiries, complaints, and facilitates after-sales support.

Capacity Analysis

The evaluation of a business's ability to meet current and future production demands with its existing resources.

Time-Driven Activity-Based Costing

A costing method that assigns costs to products based on the estimated time activities take and the cost of performing those activities.