-What Was One Theme About the Impact of the Market

question 37

Multiple Choice

-What was one theme about the impact of the market revolution and industrialization that George Inness addressed in his 1855 painting The Lackawanna Valley?

• A) Traditional farm life was in direct conflict with industrialization.
• B) Economic development took a toll on the landscape.
• C) Paintings became accurate forms of advertisement for the first time.
• D) Artistic truth was more important than the necessities of the marketplace.

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Definitions:

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the standard cost, indicating how much the actual labor rate deviates from the expected standard.

Standard Costs

The predetermined costs associated with manufacturing a product or providing a service, used for budgetary and performance evaluation purposes.

Direct Labor Time Variance

A measure of the difference between the expected time to complete a task and the actual time taken.

Direct Labor Costs

The wages and related expenses for employees who are directly involved in the production of goods or services.