Mark Cannot Decide Which Video Game to Purchase

question 22

Multiple Choice

Mark cannot decide which video game to purchase.After thinking it over, he buys the latest fighting game.As he leaves the store, he feels an uncomfortable tension.In order to resolve this tension, Mark must engage in

• A) self-perception processes.
• B) introspection.
• C) self-verification.
• D) dissonance reduction.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.

Labor Efficiency Variance

measures the difference between the actual labor hours used and the standard labor hours expected for the production achieved, indicating labor efficiency.