Which of the Following Statements Regarding Allowances for Spoilage And/or

question 73

Multiple Choice

Which of the following statements regarding allowances for spoilage and/or inefficiency is not correct?

• A) When allowances are not included within the standards, any inefficiencies are highlighted as unfavourable variances.
• B) When allowances are not included within the standards, any inefficiencies are highlighted as favourable variances.
• C) Firms would never set standards that included an allowance for spoilage.
• D) When allowances are not included within the standards, any inefficiencies are highlighted as favourable variances AND firms would never set standards that included an allowance for spoilage.

---

Definitions:

Same-Sex Friends

Individuals who form friendships with others of the same gender, which is common during childhood and can influence social and emotional development.

Latency

A period in psychoanalytic theory occurring roughly between the ages of 6 and puberty, characterized by a decrease in sexual interests and conflicts while growth in other areas.

Strong Attachment

Strong attachment describes the deep emotional bond that develops between children and their caregivers, foundational in the child's emotional and social development.

Rival

An individual or group competing against another with the aim to achieve a specific goal or outperform in a particular area.