Which of the following statements about standards is False?
a. The difference between actual quantity, price or rate and its related standard is called a fluctuation.
b. The quantity variances show how much money the company lost (or saved) because the used a different amount of material than they planned to use.
c. The rate variance shows how much money the company lost (or saved) because they paid the employees a different amount per hour than they planned to pay.
d. Choices b and c are both true.
a
Business
You might also like to view...
__________ include when the physical facilities of an organization may be inappropriate for certain alternatives.
Fill in the blank(s) with the appropriate word(s).
Business
A pure strategy game can be solved according to the ________ criterion
Fill in the blank with correct word.
Business