An Undesirable By-Product of the Factory System Was

question 40

Multiple Choice

An undesirable by-product of the factory system was:

• A)Higher taxes for the factory owners
• B)Abuse of unskilled workers and children
• C)The creation of labor unions
• D)Lack of strong government regulation

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Definitions:

Standard Costs

Predetermined costs for materials, labor, and overhead used as a benchmark to measure actual performance against.

Direct Labor-Hours

The total hours of labor directly involved in the production of goods or services.

Direct Materials Variances

The difference between the actual costs of direct materials used in production and the standard or expected costs.

Fixed Overhead

Expenses that remain constant regardless of how much is produced or sold, including items like lease payments, wages, and insurance premiums.