The difference between the total actual cost incurred and the total standard cost is called the:
A. Usage variance.
B. Controllable variance.
C. Cost variance.
D. Flexible variance.
E. Volume variance.
Answer: C
You might also like to view...
Mia has written a deed that says, "To Chelsea for life, and upon her death the property shall go back to me." What kind of interest does Mia have in the property upon Chelsea's death?
A. a repudiation B. a redemption C. a retention D. a reversion
When should measures of location and dispersion be computed from grouped data rather than from individual data values?
A. As much as possible since computations are easier B. Only when individual data values are unavailable C. Whenever computer packages for descriptive statistics are unavailable D. Only when the data are from a population
Using the classification system of John French and Bertram Raven, which of the following people is most likely to have very high legitimate power?
a. an executive at a powerful company b. an extremely knowledgeable and experienced volunteer carpenter c. a low-level HR person who oversees assigning bonuses d. a popular high school senior who is good at sports
New companies and those with volatile earnings and uncertain cash flows generally prefer defined-contribution plans to defined-benefit plans.
Answer the following statement true (T) or false (F)