Consider Figure 21-1A Above.The Percentage of Online Shoppers

question 176

Multiple Choice

Consider Figure 21-1A above.The percentage of online shoppers

• A)didn't begin to show promise until 2011 when online security measures improved.
• B)stabilized in 2016 when Internet penetration reached 98 percent of all U.S.households.
• C)grew rapidly during 2011-2012 and then declined sharply in 2013 when the "dot.com bubble" burst.
• D)has grown very slightly in the past and is expected to continue its very slight growth over the next few years.
• E)grew slowly and then plummeted when Congress passed a new online state sales tax collection law in 2013.

Interpret variances to identify areas of performance that are above or below expected levels, providing insight into production efficiency and cost management.

Apply the principles of standard costing in real-world scenarios to make informed financial and managerial decisions.

Understand the concept of standard costing and its applications in manufacturing settings.

Identify and compute various types of variances related to materials, labor, and overhead.