Labor unions may attempt to raise wage rates by:

A) increasing the supply of labor.
B) forcing employers,under the threat of a strike,to pay above-equilibrium wage rates.
C) decreasing the demand for labor.
D) increasing the price of complementary resources.

If you invest $1,000 today at 8% interest compounded monthly, how much money will you have in 1 year?

A) $1,080
B) $1,083
C) $1,086
D) $1,090

Calculate the direct labor rate variance.

A) $4,488.75 unfavorable
B) $6,851.25 favorable
C) $4,488.75 favorable
D) $6,851.25 unfavorable