"Slaveholders Have Found Out a Fearful Alchemy by Which

question 47

Multiple Choice

"Slaveholders have found out a fearful alchemy by which...blood can be transformed into gold. Instead of listening to the cry of agony, they listen to the ring of dollars and stoop down to pick up the coin." This 1857 statement is from

• A) former enslaved minister James Pennington
• B) black abolitionist orator Frances Ellen Watkins
• C) former President John Quincy Adams
• D) ex-slave Minnie Fulkes

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Definitions:

Actual Quantity

The real amount of inputs, such as raw materials or labor hours, consumed in the production process, as opposed to planned or standard quantities.

Standard Price

Standard Price refers to the predetermined cost of goods or services used for budgeting and cost management purposes, often serving as a benchmark for evaluating actual costs.

Actual Costs

The precise expenses incurred for materials, labor, and overhead in producing goods or providing services.

Standard Costs

Pre-determined or estimated costs used as a benchmark to compare with the actual costs incurred.