Respond that the following statements are TRUE or FALSE: 1) Favorable and unfavorable variances are netted together
Fantastic news! We've Found the answer you've been seeking!
Question:
Respond that the following statements are TRUE or FALSE:
1) Favorable and unfavorable variances are netted together in the same way debits and credits are.
2) Favorable variances are added to unfavorable variances to create a total favorable variance.
3) Favorable and unfavorable variances are subtracted from each other to arrive at a net favorable or unfavorable variance.
4) Unfavorable variances are subtracted from each other to arrive at a favorable variance.
5) If both favorable and unfavorable variances exist, then the variance is determined to be favorable or unfavorable based on which one is the larger amount.
Related Book For
Statistics For The Life Sciences
ISBN: 9780321989581
5th Edition
Authors: Myra Samuels, Jeffrey Witmer, Andrew Schaffner
Posted Date: