The Sheppard-Towner Act of 1921

question 49

Multiple Choice

The Sheppard-Towner Act of 1921

• A) promoted the establishment of daycare centers for the children of working women.
• B) provided federal funds for child health-care programs.
• C) was criticized for its promotion of birth control.
• D) was promoted by the American Medical Association.
• E) was promoted by the National Women's Party.

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Definitions:

Standard Cost System

An accounting system that assigns predetermined costs to products and services, which are then compared to actual costs for variance analysis.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a significant portion of production costs.

Raw Materials Inventory

The stock of basic materials that are used in production but have not yet been processed.

Standard Costs

Predetermined or budgeted costs for materials, labor, and overhead, used as benchmarks to measure actual performance and manage costs.