If the Standard to Produce a Given Amount of Product

question 96

True/False

If the standard to produce a given amount of product is 500 direct labor hours at $15 and the actual was 600 hours at $17, the rate variance was $1,200 favorable.

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Definitions:

Warning Buzzer

A warning buzzer is an auditory signaling device often used to alert individuals to potential danger or to signal the need for attention, commonly found in vehicles, machines, and safety equipment.

Punishment

A process in which a consequence immediately follows a behavior, decreasing the likelihood that the behavior will be repeated.

Operant Responding

A behavior modification process through which the strength of a behavior is modified by reinforcement or punishment.

Negative Reinforcement

A behavioral concept where the removal of an adverse stimulus strengthens a behavior or increases its likelihood of being repeated.