In a Standard Cost System, the Volume Variance Will Be

question 8

Multiple Choice

In a standard cost system, the volume variance will be unfavourable when

• A)actual hours are greater than the denominator hours.
• B)the standard hours allowed for the output of the period are less than the denominator hours.
• C)the standard hours allowed for the output of the period are greater than the actual hours incurred.
• D)actual hours are less than the denominator hours.

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Definitions:

First-Year Savings

The amount of money saved during the first year of implementing a particular strategy, policy, or change.

Preventive Discipline

A proactive approach to discipline that focuses on identifying and addressing issues before they escalate into serious problems.

Infraction

A violation or infringement of a rule, agreement, or law.

Effective Group Standards

Norms and expectations established by a group that guide the behavior and performance of its members.