When Would a Variance Be Labeled as Favorable

question 124

Multiple Choice

When would a variance be labeled as favorable?

• A) When standard costs are equal to actual costs
• B) When standard costs are less than actual costs
• C) When expected sales are greater than actual sales
• D) When actual costs are less than standard costs

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Definitions:

Hearing

The ability to perceive sound by detecting vibrations through an organ such as the ear.

Separate Reception Area

A designated waiting space in a healthcare facility, separate from treatment areas, intended to provide patients and visitors with a place to wait before receiving services.

Sick Children

Refers to minors who are currently suffering from an illness or health condition, requiring treatment and care.

Well Children

Children who are in a state of good health, typically used in contexts discussing pediatric visits that focus on preventative care.