The story of American sugar production illustrates the real-world consequences of price controls. Various price supports have been implemented over the years to maintain of domestic sugar.
This has led U. S.-produced sugar to become two to three times than the world price. The
result is overproduction and waste as U. S. farmers are to produce more sugar than is needed
in regions that are not suited for growing the crop.

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."