The Budget for a Given Cost During a Given Period

question 2

Multiple Choice

The budget for a given cost during a given period was $80,000. The actual cost for the period was $72,000. Considering these facts, the plant manager has done a better-than-expected job in controlling the cost if: (CPA adapted)

• A) the cost is variable and actual production was 90% of budgeted production.
• B) the cost is variable and actual production equals budgeted production.
• C) the cost is variable and actual production was 80% of budgeted production.
• D) the cost is a discretionary fixed cost and actual production equals budgeted production.

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Definitions:

Exact Replications

Exact replications involve conducting studies or experiments by closely duplicating the methodology of previous research to validate or challenge the original findings.

Conceptual Replications

attempt to test the same hypothesis as previous studies but using different methods, materials, or conditions to establish generalizability.

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Conceptual Replication

A type of replication of research using different procedures for manipulating or measuring the variables.