Which of the Following Statements Is Incorrect

question 48

Multiple Choice

Which of the following statements is incorrect?

• A) In deciding whether to investigate a variance, managers should not consider the materiality of the variance.
• B) A material variance is one that will influence stockholders' investment decisions.
• C) The primary advantage of a standard cost system is to price products consistently.
• D) None of these answers are correct.

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Definitions:

Foramen Magnum

The large hole in the occipital bone that allows the brain to connect to the spinal cord.

Occipital Bone

The trapezoidal-shaped bone at the lower back part of the skull, forming the back and base of the cranium and containing the foramen magnum.

Parietal Bone

One of two bones forming the sides and roof of the cranium.

Temporal Bone

A pair of bones forming part of the side of the skull, housing structures of the ear and contributing to the cranial cavity's protection.