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If the standard to produce a given amount of product is 600 direct labor hours at $17 and the actual was 500 hours at $15, the time variance was $1,500 unfavorable.
Cognitive Development
The process by which individuals acquire and understand knowledge through thought, experience, and the senses.
Preoperational Stage
A stage in Piaget's theory of cognitive development, occurring from about ages 2 to 7, characterized by symbolic thought but limited by egocentrism and a lack of logical operations.
Difference-Equals-Deficit Error
The mistaken belief that a deviation from some norm is necessarily inferior.
Cognitive Theory
A theory of psychology that emphasizes internal states, such as knowledge, thought processes, and mental imagery, as key elements in understanding behavior.
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