The Ledger Drawings Are

question 51

Multiple Choice

The ledger drawings are:

• A)An example of how some Native Americans used art to record history and preserve their identity.
• B)Economic records of the Cheyenne Indians during the period of European conquest.
• C)An example of the earliest form of cave paintings.
• D)A group of African folktales translated into a series of paintings.
• E)A way for Native American people to record events that only occurred outside of their particular group.

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Definitions:

Labor Rate Variance

The difference between the actual costs of labor and the expected (or standard) costs, based on the standard labor rate.

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate, highlighting efficiency in labor.

Standard Direct Labor

The predetermined cost of labor that is directly involved in the production of goods.

Standard Rate

A predetermined cost or price that is used for calculating variances, budgeting, or setting product prices.