Compared to the Grange Movement,the Farmers' Alliances

question 50

Multiple Choice

Compared to the Grange movement,the Farmers' Alliances

• A)were far more widespread.
• B)were created to replace Grange associations.
• C)had more effective and better managed cooperatives.
• D)sought a closer working relationship with banks.
• E)shunned the political system,emphasizing instead education and organization.

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Definitions:

Standard Costs

Predetermined costing used in budgeting and decision-making, representing an expected cost under normal conditions.

Overhead Volume Variance

The difference between the budgeted overhead based on standard hours allowed and the actual overhead incurred, due to differences in activity levels.

Unfavorable Labor Efficiency Variance

A financial term indicating that the actual labor time to produce goods or services was higher than the budgeted or standard labor time, resulting in increased costs.

Variance Report

A document that compares planned financial outcomes to actual financial outcomes, highlighting differences (variances) for analysis.