Which of the Following Is Not a Reason Standard Costs

question 142

Multiple Choice

Which of the following is not a reason standard costs are separated into two components?

• A) The price and quantity variances need to be identified separately to correct the actual major differences.
• B) Identifying variances determines which manager must find a solution to major discrepancies.
• C) If a negative variance is overshadowed by a favorable variance, managers may overlook potential corrections.
• D) Variances bring attention to discrepancies in the budget and require managers to revise budgets closer to actual results.

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Definitions:

Gender

A social and cultural construct that differentiates roles, behaviors, activities, and attributes considered appropriate for men and women in a society.

Test Statistic

A calculated value from sample data used to decide whether to reject the null hypothesis in statistical hypothesis testing.

P-Value

A p-value is a statistical measure that helps researchers determine the significance of their experimental results by indicating the probability of obtaining the observed data, or something more extreme, if the null hypothesis is true.

Qualitative Variables

Variables that express categorical data and can be classified into groups or categories based on attributes or qualities, rather than numbers.