When Would a Cost Variance Be Listed as Unfavorable

question 122

Multiple Choice

When would a cost variance be listed as unfavorable?

• A) When actual costs are less than budgeted costs
• B) When actual costs exceed budgeted costs
• C) When actual costs are equal to budgeted costs
• D) When actual sales are less than budgeted sales

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Definitions:

Latent Learning

A form of learning that happens without any obvious reinforcement and is not demonstrated until there is an incentive to do so.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of time without exposure to the conditioning stimulus.

Primary Reinforcer

An innately reinforcing stimulus, such as food or water, that satisfies a biological need.

Secondary Reinforcer

A stimulus that gains its reinforcing power through association with a primary reinforcer.