The Flexible-Budget Variance for Direct Cost Inputs Can Be Further

question 57

Multiple Choice

The flexible-budget variance for direct cost inputs can be further subdivided into a ________.

• A) static-budget variance and a sales-volume variance
• B) sales-volume variance and an efficiency variance
• C) price variance and an efficiency variance
• D) static-budget variance and a price variance

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Definitions:

Goal Theory

A framework suggesting that specific and challenging goals along with appropriate feedback contribute to higher and better task performance.

Difficult Goals

Targets or objectives that are challenging to achieve and require significant effort, planning, and resources.

Reinforcement Theory

A theory in psychology that suggests behavior can be shaped by reinforcing desired behaviors and not reinforcing or punishing undesired behaviors.

B. F. Skinner

An American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.