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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Definitions:

Punishment

A consequence applied to an individual or a group for a behavior deemed unacceptable by a given standard, intended to discourage the behavior's recurrence.

Self-efficacy

A belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Birth Order

The theory that a person's rank by age among siblings influences their personality and behavior.

Personality Theorist

A psychologist or scholar who studies and develops theories about the nature, development, and variations of personalities.