Rannilt Was Euphoric After Learning That She Had Been Accepted

question 338

Multiple Choice

Rannilt was euphoric after learning that she had been accepted by the medical school of her choice.After a few weeks,however,she is only mildly happy when she thinks about her admission to medical school.This change in her feelings can best be explained in terms of

• A) learned helplessness.
• B) relative deprivation.
• C) the feel-good,do-good phenomenon.
• D) the adaptation-level phenomenon.

---

Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (standard) cost based on the actual level of activity.

Materials Price Variance

The difference between the actual cost of direct materials and the standard cost, multiplied by the actual quantity of materials purchased.

Labor Rate Variance

The difference between the expected cost of labor per unit of production and the actual cost, often used to identify efficiency and wage rate changes.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost allocated for the actual production volume, resulting from efficiency in variable overhead resource usage.