Which Statements Best Describes a Characteristic of Variances

question 105

Multiple Choice

Which statements best describes a characteristic of variances?

• A) Favourable variances are always debits to the variance account.
• B) Unfavourable variances are always credits to the variance account.
• C) Favourable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
• D) Unfavourable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.

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Definitions:

Risk Factor

A characteristic or exposure that increases the likelihood of developing a disease or injury.

Dermatologic Disease

Any condition that affects the skin, hair, and nails.

Impetigo

A contagious skin infection usually caused by germs commonly called staph and strep.

Abuse

A practice or behavior that is not indicative of or in line with sound medical or fiscal activity.