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Canevari Corporation makes a product that uses a material with the following standards: The company budgeted for production of 1, 300 units in April, but actual production was 1, 200 units.The company used 3, 750 kilos of direct material to produce this output.The company purchased 4, 100 kilos of the direct material at a total cost of $8, 610.The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is:
Luck
The phenomenon and belief that defines the experience of notably positive, negative, or improbable events.
Self-Perception Theory
Self-Perception Theory suggests that individuals develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused them.
Emotional Lability
Emotional lability refers to rapid, often exaggerated changes in mood, where emotions fluctuate more frequently and intensely than what is considered typical.
Cognitive Dissonance
A psychological theory which posits that individuals experience discomfort and distress when holding two or more conflicting cognitions, leading them to seek consistency.
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