Which of the following describes a major advantage of automatic stabilizers?

They institute countercyclical fiscal policy without the delays associated with legislative action.
They automatically add stimulus during periods of strong demand.
They automatically add restraint during periods of recession.
They automatically increase optimism about future economic conditions.

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.