Answer the following statements true (T) or false (F)
1. In a standard cost system, the manufacturing overhead allocated to production equals the standard overhead allocation rate multiplied by the standard quantity of the allocation base allowed for expected output.
2. To compute the variable overhead cost variance, first compute the difference between actual cost and standard cost. Then, multiply this difference by standard quantity.
between actual cost and standard cost. Then, multiply this difference by actual quantity.
4. The fixed overhead cost variance measures the difference between actual fixed overhead and budgeted fixed overhead to determine the controllable portion of total fixed overhead variance.
5. The fixed overhead cost variance measures the difference between actual fixed overhead and allocated fixed overhead.
1. FALSE - Explanation: In a standard cost system, the manufacturing overhead allocated to production equals standard overhead allocation rate × standard quantity of the allocation base allowed for actual output.
3. FALSE - Explanation: To compute the variable overhead cost variance, first compute the difference between actual cost and standard cost. Then, multiply this difference by actual quantity.
4. TRUE
5. FALSE
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Habitual decision making occurs when
A. a decision requires extended problem solving. B. retailers stimulate sales by suggesting complementary merchandise. C. a decision process involves little or no conscious effort. D. the purchase decision involves a lot of risk and uncertainty. E. a decision requires assistance from sales associates.
The law of effect theory states that behavior followed by pleasant results is more likely to be repeated, whereas behavior followed by unpleasant results is not. This is the root of which element of the behavioral perspective?
A. operant conditioning B. conditioned response C. reinforcement theory D. classical conditioning
Answer the following statements true (T) or false (F)
The complex chain of behavioral influence takes place due to events before behavior, the actual behavior, and the results of the behavior take place at both physical and mental levels of behavior.
What are the components of ethical behavior?
What will be an ideal response?