-Refer to Table 6

question 168

Multiple Choice

-Refer to Table 6.12. If 1998 is the base year, the inflation rate between 1998 and 1999 is _______%, and the inflation rate between 1998 and 2000 is _______%.

• A) 24.1; 8.4
• B) 20.5; 10.5
• C) 18.3; 20
• D) 12.7; 5.9

---

Definitions:

Denominator Activity

In managerial accounting, a measure of activity used to allocate fixed costs to cost objects.

Cost Per Unit

It represents the total cost incurred for producing, manufacturing, or acquiring a product divided by the number of units.

Volume Variance

A measure of the difference between the budgeted and actual volume of production, affecting costs or profitability.

Manufacturing Overhead

All manufacturing costs that are not direct labor or direct materials, such as utilities, depreciation, and maintenance of equipment.