What Differences Do Price/rate Variances Focus On

question 27

Multiple Choice

What differences do price/rate variances focus on?

• A)the differences between actual and standard inputs multiplied by actual prices
• B)the differences between actual and standard unit prices of an input multiplied by the actual quantity of inputs
• C)the differences between actual and standard inputs multiplied by standard prices.
• D)the differences between actual and standard unit prices of an input multiplied by the budgeted quantity of inputs

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Definitions:

Two-Factor Theory

A psychological theory that proposes human emotions are comprised of two components: physical arousal and a cognitive label of that arousal.

Social Standing

The position or rank of a person or group within the social hierarchy.

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The subjective feeling and emotional response characterized by antagonism toward someone or something perceived to have deliberately done wrong.

Emotional Label

The process of identifying and naming one's emotional states or reactions.