Answer the Following Questions Using the Information Below

question 111

Multiple Choice

Answer the following questions using the information below:
Chess Woods Limited produces two products: wooden chess pieces and wooden inlaid chess boards. Under their traditional cost system using one cost driver (direct manufacturing labor hours) , the cost of a set of wooden chess pieces is $325.00. An analysis of the activities and their costs revealed that three cost drivers would be used under a new ABC system. These cost drivers would be equipment usage, storage area for the material, and type of woods used. The new cost of a set of chess pieces was determined to be $298.00 per set.
-The reduction in cost per unit of wooden chess pieces under ABC system is due to difference in allocation of ________.

• A) labor costs
• B) prime costs
• C) indirect costs
• D) material costs

Understand the impact and terms of major treaties, including the Treaty of Paris and the reconfiguration of Europe post-Napoleon.

Appreciate the significance of philosophical and economic theories, including liberalism, Utilitarianism, and Adam Smith's laissez-faire economics, on European political thought and policy.

Examine the causes and outcomes of key reforms and legislative changes, including the Reform Act of 1832 and the repeal of the Corn Laws.

Evaluate the role of influential figures in shaping European politics and ideology, from Giuseppe Mazzini's nationalistic aspirations to Joseph de Maistre's conservative philosophy.