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Montgomery Normally Produces 15,000 Units (Each Unit Requires 0

question 55

Multiple Choice

  Montgomery normally produces 15,000 units (each unit requires 0.30 direct labor hours) ; however this year 19,000 units were produced with the following actual costs:    -Refer to Figure 11-3. Using an after-the-fact flexible budget, calculate the total budget variance. A)  $12,510 U B)  $3,600 U C)  $5,000 F D)  $12,510 F E)  None of these. Montgomery normally produces 15,000 units (each unit requires 0.30 direct labor hours) ; however this year 19,000 units were produced with the following actual costs:
  Montgomery normally produces 15,000 units (each unit requires 0.30 direct labor hours) ; however this year 19,000 units were produced with the following actual costs:    -Refer to Figure 11-3. Using an after-the-fact flexible budget, calculate the total budget variance. A)  $12,510 U B)  $3,600 U C)  $5,000 F D)  $12,510 F E)  None of these.
-Refer to Figure 11-3. Using an after-the-fact flexible budget, calculate the total budget variance.

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Definitions:

Ultimate Attribution Error

The tendency to attribute negative behaviors of an outgroup member to their character while attributing positive behaviors to situational factors.

Ingroup Actions

Refers to the behaviors and activities that are conducted by members within a specific group, often aimed at achieving the group's goals or maintaining its cohesion.

False Consensus Effect

Seeing our own behaviour as being more typical than it really is.

Inflated Grade

A grade that is higher than what would be justified by the student's actual performance, often resulting from grade inflation.

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