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Use the Information Below to Answer the Following Question(s)

question 145

Multiple Choice

Use the information below to answer the following question(s) .Sawyer Industries Inc.(SII) , developed standard costs for direct material and direct labour.In 2019, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. During July 2020, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of $24 and 1,050 direct manufacturing labour hours at an average actual wage of $14.75 per hour.
-July's direct material efficiency variance is

Identify factors that influence labor productivity.

Distinguish between increases in physical and human capital.

Recognize how economic structures and policies affect productivity and living standards.

Understand the relationship between capital deepening and economic growth.

Definitions:

Expectations Theory

A theory in finance that predicts the future interest rates from the yield curve of long-term and short-term government bonds.

Term Structure

The relationship between interest rates or bond yields and different terms or maturities, often depicted in a yield curve.

Forward Rates

Interest rates or financial transaction rates agreed upon now, to be executed at a future date.

Yield Curve

A graphical representation that shows the relationship between interest rates and the maturity dates of debt securities.