An Adverse Variable Overhead Cost Variance Might Mean That Some

question 8

True/False

An adverse variable overhead cost variance might mean that some item of variable overhead,such as cleaning costs,has cost more than expected

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Definitions:

Validity

Refers to the extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Reliability

A measure of the consistency or repeatability of test scores or measurements over time.

Measures

Quantitative indicators or tools used to assess, count, or describe a phenomenon.

Supposed

Assumed or believed to be the case based on evidence or reasonable grounds.