Volume Variances Are Computed for Which of the Following Costs

question 143

Multiple Choice

Volume variances are computed for which of the following costs?

• A) Fixed manufacturing costs only
• B) Variable selling and administrative costs only
• C) Variable manufacturing and selling and administrative costs
• D) Variable manufacturing costs only

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Definitions:

Construct Organization

In personal construct theory, this refers to the way in which individual personal constructs are arranged or ordered within a person's mind, affecting perception and behavior.

Personal Construct Theory

A psychological theory developed by George Kelly in 1955, proposing that individuals use personal constructs (mental models) to understand and interpret their experiences.

Sociality Corollary

A principle suggesting that the establishment and understanding of personal identity are significantly influenced by social relationships and interactions.

Individuality Corollary

A concept suggesting that individuals perceive events and entities in a unique manner based on their personal construct system.