Interestingly, Chiefdom Societies Have Only Been Found in Africa and North

question 61

True/False

Interestingly, chiefdom societies have only been found in Africa and North America, suggesting that a prehistoric trade network or link must have existed between these continents.

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Definitions:

Standard Quantity

The established amount of materials or inputs expected to be used in the production of a good or service.

Total Manufacturing Cost Variance

The difference between total standard costs and total actual costs for the units produced.

Standard Costs

Predetermined costs for the manufacturing of products or services, used as target costs or bases for variance analysis.

Actual Costs

The true amounts spent on goods, services, and other charges, as opposed to estimated or budgeted costs.