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

question 50

Multiple Choice

Duo,Inc.carries two products and has the following year-end income statement (000s omitted) :
The sales quantity variance that would complement the variance calculated in the previous question is:

• A)$480 favorable.
• B)$507 favorable.
• C)$560 favorable.
• D)$960 favorable.
• E)$1,040 favorable.

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Definitions:

Insects

A vast group of arthropods characterized by a chitinous exoskeleton, a three-part body (head, thorax, abdomen), three pairs of jointed legs, compound eyes, and one pair of antennae.

Law of Effect

A principle in behaviorism stating that responses followed by satisfaction will become more likely to occur, and those followed by discomfort will become less likely.

Classical Conditioning

A method of learning in which two stimuli are regularly paired; a response that is initially caused by the second stimulus is eventually caused by the first stimulus alone.

Bandura's Classic

Refers to Albert Bandura's classic social learning theory, which posits that people learn behaviors, attitudes, and emotional reactions through social observation and imitation.