Viatix Introduced a New Automated Production Process That Has Reduced

question 24

Multiple Choice

Viatix introduced a new automated production process that has reduced the amount of labour needed, but not affected the use of materials. The standard cost system has not been changed yet to reflect this new process. Assuming the machinery is functioning properly and that workers were properly trained in its use, which of the following variances is most likely to result?

• A) Favourable direct materials efficiency variance
• B) Favourable direct labour efficiency variance
• C) Unfavourable direct labour efficiency variance
• D) Favourable direct materials price variance

Identify the barriers and facilitators of political participation in the United States.

Analyze the role of economic development in creating social classes and its impact on democracy.

Examine the relationship between public opinion and democracy.

Discuss the impact of technology on political participation.

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Definitions:

Taxes

Mandatory financial charges or other types of levies imposed upon a taxpayer by a governmental organization.

Dividend Income

Earnings received from owning shares of stock in a corporation, typically paid out from the company's profits.

Corporations Taxed

The process through which businesses are subjected to tax on their income or profit by the government.

Tax Exempt

Income or transactions that are free from tax at the federal, state, or local level.