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Pull the rope to favorable or not

Exercise and reference answers

Categories
  1. Favorable
  2. Unfavorable
Questions
  1. Answer
    Unfavorable
    Question
    Spending more than the standard.
  2. Answer
    Unfavorable
    Question
    Using more material than allowed.
  3. Answer
    Favorable
    Question
    Paying below the standard wage rate.
  4. Answer
    Favorable
    Question
    Buying material below standard price.
  5. Answer
    Unfavorable
    Question
    Taking longer than the standard time.
  6. Answer
    Favorable
    Question
    Using less material than allowed.
Instructions
Tap the side of the rope that each outcome belongs to.

Explanation

_Source: OpenStax Principles of Accounting, Volume 2: Managerial Accounting (CC BY-NC-SA 4.0), Ch 8 'Standard Costs and Variances'_
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