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What is an "uncontrollable variance" in the context of standard costing?
  • a)
    A variance that is favorable but cannot be attributed to any specific cause.
  • b)
    A variance that is unfavorable but can be corrected by management.
  • c)
    A variance that arises due to unforeseen factors beyond the control of a person or department.
  • d)
    A variance that can be traced back to a specific cost center.
Correct answer is option 'C'. Can you explain this answer?
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What is an "uncontrollable variance" in the context of stand...
The correct answer is Option C. An "uncontrollable variance" in the context of standard costing is a variance that arises due to unforeseen factors beyond the control of a person or department. These factors are typically external or unexpected events that affect costs but cannot be managed or corrected by the responsible individuals or departments.
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What is an "uncontrollable variance" in the context of standard costing?a)A variance that is favorable but cannot be attributed to any specific cause.b)A variance that is unfavorable but can be corrected by management.c)A variance that arises due to unforeseen factors beyond the control of a person or department.d)A variance that can be traced back to a specific cost center.Correct answer is option 'C'. Can you explain this answer?
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What is an "uncontrollable variance" in the context of standard costing?a)A variance that is favorable but cannot be attributed to any specific cause.b)A variance that is unfavorable but can be corrected by management.c)A variance that arises due to unforeseen factors beyond the control of a person or department.d)A variance that can be traced back to a specific cost center.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is an "uncontrollable variance" in the context of standard costing?a)A variance that is favorable but cannot be attributed to any specific cause.b)A variance that is unfavorable but can be corrected by management.c)A variance that arises due to unforeseen factors beyond the control of a person or department.d)A variance that can be traced back to a specific cost center.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is an "uncontrollable variance" in the context of standard costing?a)A variance that is favorable but cannot be attributed to any specific cause.b)A variance that is unfavorable but can be corrected by management.c)A variance that arises due to unforeseen factors beyond the control of a person or department.d)A variance that can be traced back to a specific cost center.Correct answer is option 'C'. Can you explain this answer?.
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