Suppose the Standard for a Given Cost During a Period

question 113

Multiple Choice

Suppose the standard for a given cost during a period was $80,000.The actual cost for the period was $72,000.Under what circumstances would you consider the variance from budget to be a positive performance indication?

• A)The cost is fixed,and actual production was 90 percent of the standard level of budgeted production.
• B)The cost is variable,and the standard cost noted above is the cost at a production level lower than the actual production level.
• C)The cost is variable,and actual production was 90 percent of the standard level of production.
• D)The cost is variable,and actual production was 75 percent of the standard level of production.

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Definitions:

Adaptive Coping Patterns

Strategies or methods developed to manage stressors, demands, or emotions in positive and constructive ways.

Special Needs

Refers to individuals who require additional support due to physical, developmental, sensory, or emotional disabilities.

Optimism

The mindset of expecting the best possible outcome in any given situation.

Cross-Functional Teamwork

Collaboration among team members from different specialties or functions to achieve a common goal.