When a Manufacturing Company Uses a Standard Cost System,an Unfavorable

question 107

True/False

When a manufacturing company uses a standard cost system,an unfavorable variance is a contra expense.

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Vocabulary

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Cognitive Development

The process of growth and change in intellectual capabilities that occurs in a person, influencing learning and problem-solving.

Transfer Knowledge

The process of applying skills, knowledge, or understanding gained in one context to a different, often new, context.

Negativism

A personality trait or behavior characterized by stubbornness, resistance to suggestions, and a pessimistic outlook, often seen in various psychiatric conditions.