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

question 89

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 2013, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container.
During July, 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 manufacturing labour price variance is

• A) $250.00 favourable.
• B) $262.50 favourable.
• C) $487.50 favourable.
• D) $262.50 unfavourable.
• E) $250.00 unfavourable.

Understand the principles of profit maximization in resource allocation.

Learn the conditions for equilibrium in competitive resource markets.

Understand the impact of the Immigration Act of 1924 on various countries and the resulting shifts in immigration patterns to the United States.

Recognize the changes in immigration policy during the 1920s and the factors contributing to these changes.

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Definitions:

United States

A federal republic in North America, comprising 50 states, a federal district, and several territories, known for its diverse population and significant influence on global affairs.

Number

A mathematical object used to count, measure, and label; fundamental in mathematics and applicable in various sciences.

Great Railroad Strike

A significant labor action in 1877 in the United States, where railroad workers launched a strike due to wage cuts, leading to widespread unrest.

Baltimore & Ohio

The Baltimore and Ohio Railroad, established in 1827, notable for being one of the oldest railroads in the United States and a key development in American transportation history.