The Following Questions Refer to the Excerpt Below

question 26

Multiple Choice

The following questions refer to the excerpt below.
"…They buried him in the midst of a marble quarry-they cut through solid marble to make his grave-and yet a little tombstone they put above him was from Vermont.They buried him in the heart of a pine forest,and yet the pine coffin was imported from Cincinnati…the iron in the shovel that dug his grave was imported from Pittsburg.They buried him by the side of the best sheep-grazing country on earth…and the coffin bands were brought from the North.The South didn't furnish a thing on earth for that funeral but the corpse and the hole in the ground…"
Henry Grady,1889
-As a result of Reconstruction,

• A) the South reverted back to its economic pre-Civil War ways.
• B) Southern growth in industry was stifled.
• C) most Northerners did not want to invest monies into the South.
• D) the South slowly adopted some industry while remaining primarily agricultural.

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Definitions:

Unit Product Cost

Unit product cost is the total cost to produce one unit of product, calculated by dividing total production costs by the number of units produced.

Direct Labor Cost

The total amount of money a company spends on wages for employees who are directly involved in the manufacturing of products or providing services.

Absorption Costing

An accounting method that includes both variable and fixed manufacturing costs in the cost of a product.

Net Operating Income

The profit realized from a business's operations after subtracting operating expenses but before deducting taxes and interest.