Reynolds Construction Materials Company Has a Sales Office That Sells

question 182

Multiple Choice

Reynolds Construction Materials Company has a sales office that sells concrete culvert pipes to property developers.The sales office is a revenue center and prepares a monthly responsibility report.The following information is provided. $$\begin{array}{l}\text { Revenue Center Responsibility Report }\\\begin{array} { | c | c | c | c | c | c | c | c | } \hline \begin{array} { c } \text { Product } \\\text { Type }\end{array} & \begin{array} { c } \text { Actual } \\\text { Sales } \\\text { Revenue }\end{array} & \begin{array} { c } \text { Flexible } \\\text { Budget } \\\text { Variance }\end{array} & \text { U/F } & \begin{array} { c } \text { Flexible } \\\text { Budget }\end{array} & \begin{array} { c } \text { Sales } \\\text { Volume } \\\text { Variance }\end{array} & \text { U/F } & \begin{array} { c } \text { Static } \\\text { Budget }\end{array} \\\hline 40 \text { inch } & \$ 31,700 & & & \$ 30,000 & & & \$ 40,800 \\\hline 36 \text { inch long } & 40,200 & & & 42,200 & & & 33,000 \\\hline 36 \text { inch short } & 36,000 & & & 33,100 & & & 31,100 \\\hline 32 \text { inch } & 19,100 & & & 20,900 & & & 28,000 \\\hline\end{array}\end{array}$$ What is the flexible budget variance for the 40-inch pipe?

• A)$1700 U
• B)$10,800 F
• C)$10,800 U
• D)$1700 F

Grasp the role of individual differences in the job characteristics model and their implication for job design.

Understand the basics of expectancy theory including its components (expectancy, instrumentality, and valence) and their relationships.

Recognize the principles of equity theory, including inputs, outcomes, and the concept of fairness in comparison with others.

Identify the various motivation models and how they explain motivation in organizational settings.

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Definitions:

Six-figure Accuracy

Six-figure accuracy refers to a level of precision in which a number is accurate to six significant digits, indicating extremely precise measurement or calculation.

Evaluate

To evaluate or gauge the worth, importance, or magnitude of something.

Six-figure Accuracy

A measure of precision that implies numerical values are accurate to within plus or minus one out of a hundred thousand.

Simplify

To simplify means to make something less complex or easier to understand, often by reducing it to its basic components.