A Quiltmaker May Work Years Creating a One-Of-A-Kind Object from Fabrics

question 24

Multiple Choice

A quiltmaker may work years creating a one-of-a-kind object from fabrics saved or purchased and then give it to a special person.Weber would classify the quiltmaker's actions as driven by

• A)rationalisation.
• B)specialisation.
• C)an emotion, such as love, loyalty, or revenge.
• D)value-rational motives.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.

Labor Efficiency Variance

measures the difference between the actual labor hours used and the standard labor hours expected for the production achieved, indicating labor efficiency.