When Computing Standard Cost Variances, the Difference Between Actual and Standard

question 103

Multiple Choice

When computing standard cost variances, the difference between actual and standard price multiplied by actual quantity yields a(n) :

• A)combined price and quantity variance.
• B)efficiency variance.
• C)price or rate variance.
• D)quantity variance.

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Definitions:

Deterritorialization

is the process by which the traditional boundaries or the cultural specificity of a place become less significant due to globalization.

Re-territorialization

The process of re-establishing or redefining the cultural, social, or economic boundaries and identities of spaces, often in response to globalization.

Glocalization

The practice of conducting business according to both local and global considerations, blending international approaches with local cultures and preferences.

Cosmopolitanism

A philosophy or ideology that emphasizes being a citizen of the world, valuing diversity, and recognizing the interconnectedness of all people.