The Idea That Behaviors Can Be Increased or Decreased as a Result

question 10

Multiple Choice

The idea that behaviors can be increased or decreased as a result of their consequences is at the heart of a learning process called ______.

• A) classical conditioning
• B) habituation
• C) observational learning
• D) operant conditioning

Recognize the importance and application of flexible budgets for overhead cost control.

Distinguish between the planning and control of overhead costs in different types of organizations.

Evaluate management strategies in response to volume variance issues.

Grasp the theoretical underpinnings and criticisms of standard costing systems and flexible budgets.

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Definitions:

Fixed Overhead

Costs that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance.

Period Cost

Any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A non-manufacturing cost that is expensed in the period in which it is incurred.

Special Order

A special order refers to a one-time or unusual request from a customer that can require unique production or ordering requirements outside of normal operations.

Product Costs

Costs directly associated with the production of goods or services, including direct materials, direct labor, and manufacturing overhead.