At the End of a Period,a Significant Material Quantity Variance

question 43

Multiple Choice

At the end of a period,a significant material quantity variance should be

• A)closed to Cost of Goods Sold.
• B)allocated among Raw Material,Work in Process,Finished Goods,and Cost of Goods Sold.
• C)allocated among Work in Process,Finished Goods,and Cost of Goods Sold.
• D)carried forward as a balance sheet account to the next period.

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Definitions:

Experience Of Emotion

The complex psycho-physiological experience of an individual's state of mind as interacting with biochemical (internal) and environmental (external) influences.

Cannon-Bard Theory

A theory of emotion that argues that physiological arousal and the emotional experience occur simultaneously and independently.

Two-Factor Theory

A psychological theory proposing that emotional experiences arise from physiological arousal followed by the attribution of a cause for that arousal.

James-Lange Theory

A conceptual framework suggesting that physiological responses to incidents cause emotions to emerge.