Use the following information for the next 3 questions.
Dem Mfg. has gathered the following data in preparing to record their direct labor payroll costs for the week: 
-The actual direct labor price was
Definitions:
Barriers to Entry
Economic, procedural, or regulatory obstacles that prevent new competitors from easily entering an industry or area of business.
Barriers to Entry
Obstacles that make it difficult for new firms to enter a market, such as high startup costs or stringent regulations.
X-inefficiency
The production of output, whatever its level, at a higher average (and total) cost than is necessary for producing that level of output.
Price-Discriminated
A pricing strategy where a seller charges different prices for the same product or service to different buyers, based on factors like demand, market conditions, or buyer characteristics.
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