When a Company Is Using Standard Costs, Favorable Variances Are

question 22

True/False

When a company is using standard costs, favorable variances are good news, and so the reasons for them do not need to be explained or investigated.

---

Definitions:

Expressed Emotion

Expressed Emotion refers to a measure of the family environment that is based on how much criticism, hostility, and emotional over-involvement are expressed towards a family member with a mental illness.

Schizophrenia

A chronic brain disorder known for affecting a person's thinking, feeling, and behavior, leading to symptoms like delusions, hallucinations, and disorganized speech.

Relapse

A return to a previous state of health deterioration or the reappearance of symptoms after a period of improvement or recovery.

Anxious/Fearful Cluster

A group of personality disorders characterized by prominent anxiety and fear, including avoidant, dependent, and obsessive-compulsive disorders.