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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Status

A social or professional position, rank, or standing of an individual or concept within a group or society.

Personal Happiness

A subjective state of well-being and contentment, characterized by positive emotions and life satisfaction.

Developed Countries

Nations with advanced economies, high standards of living, and well-established infrastructure, often characterized by high levels of industrialization and low rates of poverty.

Social Status

The position or rank of a person or group within the society, often determined by wealth, occupation, education, or family heritage.