Graham Corporation's Budget Calls for the Following Production

question 32

Multiple Choice

Graham Corporation's budget calls for the following production:
Quarter 1 = 22,500 units
Quarter 2 = 19,000 units
Quarter 3 = 17,000 units
Quarter 4 = 24,000 units
Each unit of product requires three pounds of direct material.The company's policy is to begin each quarter with 30% of that quarter's direct materials requirements.
What would be the budgeted direct materials purchases in the third quarter?

• A)19,100 pounds.
• B)44,700 pounds.
• C)51,000 pounds.
• D)57,300 pounds.
• E)72,600 pounds.

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Definitions:

Mowrer's Two-Factor Theory

A theory that combines both classical and operant conditioning to explain the development and maintenance of phobias.

Punishment

A consequence that decreases the likelihood of a behavior being repeated by applying an undesirable stimulus or removing a desirable one.

Matching Law

A principle that states the proportion of responses allocated to a particular option matches the proportion of reinforcements obtained from that option.

Schedules of Reinforcement

The rules or plans for determining when and how often reinforcements, like rewards or punishments, are given in behavior conditioning processes.