A Continuous Improvement Budgeted Cost, in Terms of Variances and Standard

question 5

Multiple Choice

A continuous improvement budgeted cost, in terms of variances and standard costs

• A)is held constant regardless of external factors, thus enabling management to isolate internal variance factors.
• B)is successively reduced over succeeding time periods.
• C)ensures that managers will avoid unfavourable materials (or labour)variances that are due to external factors.
• D)is easier to achieve for older, more established production runs, than for new products.
• E)is achieved as easily for older, more established production runs, as for for new products.

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Definitions:

Potassium

A soft, silvery-white metallic element, symbol K, with atomic number 19, essential for many biological functions and used in various industrial applications.

Elemental Symbol

A letter or combination of letters representing a chemical element in the periodic table.

Ruthenium

A rare transition metal belonging to the platinum group of the periodic table, with the symbol Ru and atomic number 44.

Elemental Symbol

A one- or two-letter notation derived from the name of an element, used to represent it in chemical formulas and equations.