When the French First Explored the St

question 84

Multiple Choice

 When the French first explored the St.Lawrence River in the sixteenth century,what were they looking for?

• A)Northwest passage to Chinese markets. 
• B)Access to fur trade.
• C)Gold mines.
• D)A new colony.
• E)Opportunities against the Spanish.

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Definitions:

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to compensate hourly employees.

Labor Variances

Differences between the actual labor costs incurred and the standard labor costs expected for the work performed.

Standard Labor Rate

A predetermined cost per labor hour, used in budgeting and cost control for planning and evaluating labor expenses.

Actual Hours Incurred

The real number of hours worked or used in the completion of a task or production of a good, as opposed to the estimated hours.