Which of the Following Statements Is False

question 62

Multiple Choice

Which of the following statements is false?

• A) Unfavourable variances represent the costs of producing inefficiently.
• B) Unfavourable variances (after closing to cost of goods sold) cause cost of goods sold to be higher.
• C) Unfavourable variances are recorded as a credit entry.
• D) Significant unfavourable variances should be investigated by managers.

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Definitions:

Billing Problem

Issues or errors encountered with the processing of charges for medical services or treatments.

Proper Fee

An appropriate or justified charge for a service or product, often determined by cost, market value, and quality.

Individual Charge

A specific amount of money billed to a person for a product or service.

Immediate Medical Help

Urgent assistance provided by healthcare professionals in response to a person's acute healthcare needs.