Greg Cannot Stand Being Cooped Up in a House All

question 57

Multiple Choice

Greg cannot stand being cooped up in a house all day. He is happiest when he is outdoors exploring his environment. His need to actively explore his neighborhood is a ________.

• A) secondary drive
• B) primary drive
• C) tertiary drive
• D) stimulus motive

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost, multiplied by the quantity of materials used.

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that do not vary with production volume, such as rent and salaries of supervisors.

Direct Labor Variances

The difference between the actual labor costs incurred and the standard labor costs for the actual production level.

Direct Labor

Refers to the wages paid to workers who are directly involved in the production of goods or services.