Which of the Following Statements Is Incorrect A)The Cost of Goods Sold Variance Is Favorable

question 20

Multiple Choice

Which of the following statements is incorrect? $\begin{array} { | l c l | } \hline { \text { Item to Classify } } & \underline { \text { Standard } } & \text { Actual } \\\text { Sales Revenue } & 820,000 & 835,000 \\\text { Wages } & 125,000 & 128,000 \\\text { S\&A Expenses } & 400,000 & 408,000 \\\text { Cost of Goods Sold } & 608,000 & 600,000 \\\hline\end{array}$

• A)The cost of goods sold variance is favorable.
• B)The S&A expense variance is favorable.
• C)The sales revenue variance is favorable.
• D)The wage expense variance is unfavorable.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.