Astrid Believes That Drinking Red Wine Gives Her Migraines

question 269

Multiple Choice

Astrid believes that drinking red wine gives her migraines.As such,when she's at a dinner party and the only beverages available are red wine and water,she sticks with water.What type of reasoning is Astrid using?

• A) deductive
• B) inductive
• C) hypothetico-deductive
• D) It is impossible to determine from the information given.

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Definitions:

Standard Costing System

A cost accounting system that uses standard costs for product costs and measures variances to actual costs for performance evaluation.

Overhead Volume Variance

The difference between the expected (budgeted) overhead costs and the actual overhead allocated based on actual volume of production.

Materials Price Variance

The difference between the actual cost of materials used in production and the budgeted cost, based on standard pricing.

Total Materials Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.