Duo,IncCarries Two Products and Has the Following Year-End Income Statement

question 102

Multiple Choice

Duo,Inc.carries two products and has the following year-end income statement (000s omitted) :
The net effect of ZR-7's selling price variance on profit is:

• A)$240 favorable.
• B)$400 unfavorable.
• C)$420 unfavorable.
• D)$560 favorable.
• E)$800 unfavorable.

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Definitions:

Fundamental Attribution Error

The tendency to overestimate the influence of personality and underestimate the impact of situational factors in explaining someone else's behavior.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts or feelings onto someone else.

Consensus Cue

A signal or piece of information indicating that a group is reaching or has reached general agreement on a particular issue.

Distinctiveness

The quality of being different or unique, distinguishing an individual, group, or object from others in a specific context or among comparable entities.