The______________made It Illegal for a Person to Sit Simultaneously on the Boards

question 52

Multiple Choice

The______________made it illegal for a person to sit simultaneously on the boards of directors of two corporations that are in direct competition with each other.

• A)Brown Anti-conglomerate Act of 1914
• B)Smith Anti-conglomerate Act of 1914
• C)Clayton Antitrust Act of 1914
• D)Clinton Antitrust Act of 1914

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Definitions:

Variable Manuf. Overhead

Costs that vary with the level of production output and are related to the manufacturing process but cannot be directly traced to individual units produced.

Direct Materials

Raw materials that are directly incorporated into a finished product and are easily traceable to it.

Labour Rate Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production level.

Actual Rate

The actual cost incurred or the price paid for materials, labor, or overhead as opposed to budgeted or standard costs.