The teacher gives Rosemary and Anna an equally small block o…

The teacher gives Rosemary and Anna an equally small block of clay. Anna rolled her clay into a long snake-like shape. Rosemary looked over at Anna’s snake and yelled that Anna has more clay than her small block of clay. Piaget would say that Rosemary is MOST likely displaying an absence of ________.

Sally, Jim, and Molly are playing. When Jim leaves the room…

Sally, Jim, and Molly are playing. When Jim leaves the room to go to the bathroom, Sally watches Molly put a worm in a refrigerator. Molly then asks Sally what Jim will expect to find in the fridge when he comes back. If Sally says that Jim will expect to find a worm in the fridge, then Sally:

Dominic (age 35) and his daughter (age 1) both take an IQ te…

Dominic (age 35) and his daughter (age 1) both take an IQ test. They take it again when Dominic is 45 and his daughter is 11. What would be most likely observed if Dominic’s scores when he was 35 and 45 were compared and his daughter’s scores when she was 1 and 11 were compared?

XYZ Exterminators produces chemicals for the bug spray indus…

XYZ Exterminators produces chemicals for the bug spray industry.  The company has 3,000 gallons of Chemical C that can be sold for $2,500 or can be processed further into 2,400 gallons of Chemical D (600 gallons would be lost in the conversion process).  The sales value of Chemical D is $4.50 per gallon, and the additional processing cost is $8,100. If the company decides to process Chemical C into Chemical D, what would be the effect on profitability?

John’s Golf Club Corporation produces golf clubs.  In July,…

John’s Golf Club Corporation produces golf clubs.  In July, it expected that the cost of direct materials would amount to $75 for each set of golf clubs produced.  Although the company had expected to produce 13,000 sets of golf clubs during July, the company actually only produced 12,350 sets of golf clubs.  The actual cost of direct materials per set of golf clubs amounted to $78. What is the master (static) budget variance for direct materials?