When a Company Is Using Standard Costs, an Unfavorable Variance

question 90

True/False

When a company is using standard costs, an unfavorable variance is NOT necessarily an indication that a manager is doing a poor job.

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Definitions:

European Division

European Division refers to the segmentation or splitting of Europe into various political, cultural, or geographical regions, which has occurred variously through history due to wars, treaties, and socio-political changes.

Mississippi

A state in the southern United States, known for its rich cultural heritage, the Mississippi River, and significant historical events, especially during the Civil Rights Movement.

Cajun Community

An ethnic group mainly living in Louisiana, consisting of the descendants of Acadian exiles from Canada, known for their unique language, culture, and cuisine.

British Invasion

A cultural phenomenon in the 1960s when rock and pop music acts from the United Kingdom, particularly the Beatles, became popular in the United States.