If the Static Budget Variance for Materials Is $250 F

question 80

Multiple Choice

If the static budget variance for materials is $250 F and the budgeted cost for materials is $52,000, then the actual cost of materials is

• A)$51,950
• B)$52,150.
• C)$51,150.
• D)$51,750.

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Definitions:

Bystander Effect

A phenomenon where individuals are less likely to offer help to a victim when other people are present.

Social Loafing

The phenomenon where individuals exert less effort when working in a group than when working alone.

Group Polarization

The phenomenon where a group's prevailing opinions or decisions become more extreme following discussion among its members.

Diffusion of Responsibility

A phenomenon where individuals are less likely to take action or feel responsible in the presence of a large group of people.