Multiple Choice
A favourable variance that is significant in a cost report
A) is a positive result for a manager.
B) is a negative result for a manager.
C) can be ignored especially if it is a minor amount.
D) should be investigated along with any negative variances.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: The most rigorous of all standards is
Q52: Which of the following is not considered
Q94: All of the following variances are reported
Q95: If the materials price variance is $600
Q96: If actual direct material costs are greater
Q97: A manufacturing company would include setup and
Q98: Wild West Inc.produces a product requiring 3
Q102: In designing a balanced scorecard approach for
Q103: Which of the following would be an
Q104: EKPN Co.produces wooden boxes.The company's standards per