Which of the Following Conditions Normally Would Not Indicate That

question 105

Multiple Choice

Which of the following conditions normally would not indicate that standard costs should be revised?

• A) The engineering department has revised product specifications in responding to customer suggestions.
• B) The company has signed a new union contract which increases the factory wages on average by $5.00 an hour.
• C) Actual costs differed from standard costs for the preceding week.
• D) The world price of raw materials increased.

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Definitions:

Repeating Decimal

A decimal fraction in which a sequence of digits repeats indefinitely.

Decimal Notation

A method of writing numbers that uses a decimal point to separate the whole number from fractions of a whole.

Percent Equivalent

The decimal or fractional representation of a percent, illustrating the proportion of a whole.

Mixed Number

A number consisting of a whole number plus a fraction.