Waycross Construction Company Has a Pipeyard Operation Which Is Run

question 2

Multiple Choice

Waycross Construction Company has a pipeyard operation which is run as a cost center. They are preparing a performance report for the month of March and have provided the data below:
$\begin{array}{|l|r|r|r|r|r|r|}\hline \text { Cost Center } & & \text { Flexible } & \text { Flexible Budget } \\\hline \text { Performance Report } & \text { Actual } & \text { Budget } & \text { Variance } & \text { U/F } & \% \text { variance } & \text { U/F } \\\hline \text { Wages \& benefits } & \$ 81,200 & \$ 80,000 \\\hline \text { Office lease expense } & 42,060 & 45,000 \\\hline \text { Depreciation expense } & 39,600 & 42,000 \\\hline \text { Insurance expense } & 33,490 & 30,000 \\\hline \text { Other expense } & 7,120 & 8,000 \\\hline & \$ 203,470 & \$ 205,000 \\\hline\end{array}$
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How much is the percentage variance for Wages and benefits?

• A) 2.2 % F
• B) 2.2 % U
• C) 1.5% F
• D) 1.5% U

Describe the contact hypothesis and how it can be applied to improve intercultural relations.

Understand the basic principles of operant and Pavlovian conditioning.

Identify different types of behaviors such as superstitious, interim, terminal, and schedule-induced.

Recognize the impact of instinctive behavior systems on learning and behavior modification.

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Definitions:

Bearer Paper

A negotiable instrument or document that entitles the holder or bearer to rights or property stated in the document, without requiring endorsement.

Indorsement

The act of endorsing a check or bill of exchange to transfer the right to cash or deposit to someone else.

Nonmanipulated Independent Variable

An independent variable for which condition assignment is determined by a characteristic of the participant.

Dependent Variable

The experimental variable measured by the experimenter and used to compare groups.