When Would a Cost Variance Be Listed as Unfavorable

question 122

Multiple Choice

When would a cost variance be listed as unfavorable?

• A) When actual costs are less than budgeted costs
• B) When actual costs exceed budgeted costs
• C) When actual costs are equal to budgeted costs
• D) When actual sales are less than budgeted sales

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Definitions:

Learned Thinking

The process by which one acquires new information or behaviors through experience, observation, or being taught.

Humanistic Approach

The humanistic approach in psychology emphasizes individual potential and stresses the importance of growth and self-actualization.

Personal Growth

The process of developing and enhancing one's personality, skills, and potential to better oneself and adapt to various life challenges.

Social Cognitive

Pertaining to the understanding of social behaviors and cognition, focusing on how people process, store, and apply information about others and social situations.