Which of the Following Contributed to Western European Recovery After

question 7

Multiple Choice

Which of the following contributed to Western European recovery after the devastation of World War II?

• A) The ability of Western European countries to integrate their economies
• B) The ability of Western European countries to exploit their colonies
• C) The humanitarian and economic aid provided by the United Nations
• D) The economic and political leadership exercised by the Soviet Union

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, calculated before the period begins.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost allocated to production, based on the actual hours worked.

Machine-Hours

A measure of production time, calculated by the number of hours machines are operating in the manufacturing process.

Budget Variance

The difference between budgeted figures and actual figures for a particular accounting category.