Use the Following Information for the Next 6 Questions

question 118

Multiple Choice

Use the following information for the next 6 questions.
Hyteck, Inc. is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labor hours, are derived from the master budget.
-The fixed overhead spending variance was

• A) $9,000 U
• B) $2,000 F
• C) $7,000 U
• D) $2,800 U

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Definitions:

Social Learning Theorists

Researchers who emphasize the role of observation, imitation, and modeling in acquiring new behaviors.

Generalization

The process of applying information or conclusions from specific instances to broader contexts or situations.

Discrimination

In psychology, the ability to perceive and respond differently to various stimuli.

Classical Conditioning

A process of learning in which, with the consistent coupling of two stimuli, a response that originally required the second stimulus for elicitation is later elicited by the first stimulus solely.