Glenn, SA, Has Done a Cost Analysis for Its Production of of T-Shirts

question 74

Multiple Choice

Glenn, SA., has done a cost analysis for its production of T-shirts. The following activities and cost drivers have been developed: Following are the actual costs of producing 75,000 T-shirts: 5,000 machine hours; 10 batches; 20 purchase orders
What is the budget variance for purchasing in an activity-based performance report?

• A) £1,000 U
• B) £2,000 U
• C) £3,000 U
• D) none of the above

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Definitions:

Natural Experiments

Observational studies where the conditions are naturally occurring rather than being controlled or manipulated by the researcher, used to infer causality.

Random Experiments

Procedures or trials that yield different outcomes, each with a specific probability, even when repeated under the same conditions.

Vaccinated People

Individuals who have received vaccinations, which are medical treatments that provide immunity against one or several diseases.

Teacher Absenteeism

Refers to the frequent absence of teachers from schools, which can detrimentally affect student learning and school performance.