Assembly Line Workers at Thompson Manufacturing Worked a Total of 12,000

question 181

Multiple Choice

Assembly line workers at Thompson Manufacturing worked a total of 12,000 direct labor hours to produce 36,000

• A)$6,000 favorable
• B)$6,000 unfavorable
• C)$4,500 favorable
• D)$4,500 unfavorable

---

Definitions:

Freedom to Farm Act

A U.S. law enacted in 1996 aimed at reducing government subsidies to farmers and allowing them more freedom in the crops they plant.

Countercyclical Payments

Payments made by governments to individuals or companies during economic downturns to stabilize the economy, often in the form of subsidies or tax rebates.

Price Inelasticity

A situation in which the demand for a good or service is not significantly affected by changes in price.