Using the Graph Pictured Below That Shows the Tons of Cod

question 54

Short Answer

Using the graph pictured below that shows the tons of cod catch in the North Atlantic from 1900 on, match the appropriate letter with the description given.
-What area on the graph represents the point when fishermen began to use bottom trawlers to catch fish?

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost, often used in budgeting and cost management.

Variable Overhead Rate Variance

The difference between the actual variable overheads incurred and the expected variable overheads based on standard rates.

Labor Rate Variance

The difference between the actual labor rate paid and the standard rate expected, multiplied by the total hours worked.

Labor Efficiency Variance

The variance between the real hours spent producing a good or service and the anticipated standard hours, times the standard wage rate.