If the Standard to Produce a Given Amount of Product

question 160

True/False

If the standard to produce a given amount of product is 1,000 units of direct materials at $11 and the actual was 800 units at $12, the direct materials price variance was $800 favorable.

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Definitions:

Stigmatized

Describes individuals, groups, or conditions that are negatively stereotyped, leading to prejudice and discrimination against them.

Deterrence Hypothesis

The theory suggesting that the threat of punishment or negative consequences serves to prevent or reduce the likelihood of unwanted behaviors.

Positive Deviance

An unorthodox or unexpected behavior that deviates from the norm but results in a desirable outcome.

Rule-breaking Behavior

Actions that violate established guidelines, norms, or laws, often reflecting disregard for societal or organizational rules.