Figure 17-3
Tuvok Ltd -Refer to Figure 17-3

question 50

Multiple Choice

Figure 17-3
Tuvok Ltd. has developed the following standards for one of its products: $\begin{array}{ll}\text { Standard cost of materials } & £ 0.50 \text { per pound } \\\text { Materials purchased and used } & 20,000 \text { pounds } \\\text { Total paid to suppliers } & £ 11,000 \\\text { Standard quantity allowed } & 18,000 \text { pounds }\end{array}$
-Refer to Figure 17-3. Tuvok's material price variance is

• A)£1,000 unfavourable.
• B)£2,000 unfavourable.
• C)£1,100 unfavourable.
• D)cannot be computed from the information given.

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Definitions:

In-Group Favoritism Bias

The tendency for individuals to give preferential treatment and express more positive attitudes towards members of their own group as opposed to those of out-groups.

Ethnocentric Error

The mistaken belief that one's own cultural or ethnic group is superior to others, often leading to judging other cultures solely by the values and standards of one's own.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a general disdain for other cultures.

Europeans

Refers to the people originating from or associated with the continent of Europe.