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Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June:
The variable overhead rate variance for the month is closest to:
Capital Flight
Refers to the rapid movement of large sums of money or capital out of a country, typically to safer or more profitable markets.
Domestic Inflation
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling within a country.
Demographic Transition
A theory describing the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.
Per Capita Incomes
The average income earned per person in a given area or country.
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