Match the Term with the Definition

question 67

Multiple Choice

Match the term with the definition.
-Four days of mayhem in July 1863, triggered by efforts to enforce the military draft. Suffering economic hardship, infuriated by the draft, and opposed to emancipation, Democratic Irish workingmen killed at least 105 people, most of them black.

• A)battle of Antietam
• B)battle of Bull Run (Manassas)
• C)battle of Gettysburg
• D)battle of Shiloh
• E)contraband of war
• F)Emancipation Proclamation
• G)Fort Sumter
• H)King Cotton diplomacy
• I)New York City draft riots
• J)Sherman's March to the Sea
• K)siege of Vicksburg
• L)Union blockade

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Definitions:

Fixed Overhead

The portion of overhead costs that remains constant regardless of the level of production or business activity.

Direct Labor

Labor costs that can be identified with a specific product or service.

Sales Variance

Captures the effect of quantity sold holding the mix of products sold constant.