You Come Home from Work and Find Pieces of Broken

question 76

Multiple Choice

You come home from work and find pieces of broken glass on the floor.You realize that your favorite vase was broken.Immediately you blame your new puppy, without even noticing that your toddler's teddy bear is lying on the floor near the broken glass.The fact that you didn't see the teddy bear is probably due to

• A) your poor vision.
• B) your schema that puppies are destructive.
• C) unconscious transference.
• D) source-monitoring errors.

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Definitions:

Standard Costs

Predetermined costs to manufacture a product or deliver a service, used for budgeting and performance evaluation.

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (or standard) cost.

Actual Costs

The genuine expenses that are incurred in the production or acquisition of goods and services.

Standard Costs

Predetermined cost estimates relating to how much it should cost to produce a product or provide a service under normal conditions.