DSSs Support Unstructured and Semi-Structured Decisions,such as Whether to Make

question 62

True/False

DSSs support unstructured and semi-structured decisions,such as whether to make or buy products,or what new products to develop and introduce into existing markets.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost allocated for the actual level of activity.

Unfavorable

A term used in budgeting and variance analysis to describe a situation where actual costs are higher than expected or budgeted costs.

Favorable

A term used in accounting and finance to describe a situation or variance that results in a better-than-expected financial outcome.

Standard Cost System

A method of cost accounting in which predetermined costs are used for valuing inventory and recording operations, facilitating variance analysis.