In a Recognition of the New Demands on Family Created

question 18

Multiple Choice

In a recognition of the new demands on family created by changing economic and social conditions, Congress in 1993 passed

• A) the Americans With Disabilities Act.
• B) an end to the "marriage tax" disadvantage for married couples.
• C) the Head Start program.
• D) the No Child Left Behind Education Act.
• E) the Family Leave Bill.

Understand the separation of standard costs into two components for detailed variance analysis.

Recognize the need for updating standard costs in response to changes in production specifications, labor contracts, and material costs.

Understand the concept and calculation of direct labor variances, including rate and time variances.

Identify and calculate direct materials variances, including price and quantity variances.

---

Definitions:

Contras in Nicaragua

Nicaraguan rebel groups that opposed the Sandinista government in the 1980s, receiving support from the United States government.

Foreign Affairs

Government policies and activities related to interactions with other countries, including diplomacy, trade agreements, and conflict resolution.

Iran-Contra

A political scandal in the United States during the Reagan Administration involving the secret sale of arms to Iran and the illicit diversion of the proceeds to fund Contra rebel groups in Nicaragua.

Arms-For-Hostages

Refers to the clandestine arrangement of trading arms for the release of hostages, notably associated with the Iran-Contra affair in the 1980s under the Reagan administration.