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- Question
A favorable cost variance occurs when
Options- A. actual incurred cost is less than the standard cost
- B. actual incurred cost is greater than the standard cost
- C. actual incurred cost is equal to the standard cost
- D. None of the above
- Correct Answer
- actual incurred cost is less than the standard cost
ExplanationCost variance is nothing but the difference between the actual incurred cost and the estimated standard cost. This can be occured due to any changes in the volume of goods or services ordered.
A favorable cost variance occurs when the actual incurred cost is less than the standard cost estimated before the production.
- 1. Plants hormone that induces cell division is
Options- A. auxins
- B. gibberellins
- C. kinins
- D. domins Discuss
- 2. The Vedic deity Indra was the Goddess of
Options- A. wind
- B. eternity
- C. rain and thunder
- D. fire Discuss
- 3. The minimum age required to become a member of Rajya Sabha is
Options- A. 21 years
- B. 25 years
- C. 30 years
- D. 35 years Discuss
- 4. The main factor determining a region's climate is
Options- A. longitude
- B. latitude
- C. temperature
- D. All of the above Discuss
- 5. The name of Pierre Cardin is associated with which of the following fields?
Options- A. Painting
- B. Films
- C. Pop Music
- D. Fashion Designing Discuss
- 6. 'Queens berry Rules' is the name given to the rules in
Options- A. Boxing
- B. Football
- C. Tennis
- D. Cricket Discuss
- 7. Samantha Fox is associated with
Options- A. Politics
- B. Pop music
- C. Journalism
- D. Sports Discuss
- 8. A chronometer measures
Options- A. colour contrast
- B. sound waves
- C. time
- D. water waves Discuss
- 9. Which of the following is a cultural organisation?
Options- A. UNESCO
- B. ILO
- C. WHO
- D. FAO Discuss
- 10. The hardest substance available on earth is
Options- A. Gold
- B. Iron
- C. Diamond
- D. Platinum Discuss
More questions
Correct Answer: kinins
Correct Answer: rain and thunder
Correct Answer: 30 years
Correct Answer: latitude
Correct Answer: Fashion Designing
Correct Answer: Boxing
Correct Answer: Pop music
Correct Answer: time
Correct Answer: UNESCO
Correct Answer: Diamond
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