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All of the Following Variances Are Unfavorable Except A)Materials Usage
B)Sales Price
C)Sales Volume
D)Labor Price

question 72

Multiple Choice

All of the following variances are unfavorable except?  Item to Classify Standard Actual  Sales volume 100.000 units 96.000 units  Sales price $4 per unit $3.90 per unit  Materials usage 40,000 gallons 42.000 gallons  Labor price 12.50 per Hour 12.45 per hour \begin{array}{ccc}\text { Item to Classify }&\text {Standard}&\text { Actual }\\\text { Sales volume } & 100.000 \text { units } & 96.000 \text { units } \\\text { Sales price } & \$ 4 \text { per unit } & \$ 3.90 \text { per unit } \\\text { Materials usage } & 40,000 \text { gallons } & 42.000 \text { gallons } \\\text { Labor price } & 12.50 \text { per Hour } & 12.45 \text { per hour }\end{array}


Definitions:

Normal Curve

The normal curve, or normal distribution, is a bell-shaped curve that shows the probability distribution of a continuous random variable, with most occurrences happening near the mean.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values around the mean (average) of the set.

Raw Scores

Pure data collected from assessments or tests before any processing or normalization.

Test-retest Reliability

The consistency of a test's results when administered to the same individuals at two different points in time.

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