A Favorable Cost Variance Occurs When Actual Cost Is Less

question 112

True/False

A favorable cost variance occurs when actual cost is less than budgeted cost at actual volumes.

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Definitions:

Synapses

The junctions between neurons through which they communicate with each other using chemical or electrical signals.

Presynaptic Neuron

The neuron that sends a signal across the synapse to another neuron.

Neurotransmitter

Chemical substances released by neurons to transmit signals across a synapse to another neuron or to a muscle or gland cell.

Synapse

The junction between two neurons, facilitating the transmission of electrical or chemical signals.