Measurements Are Made at Two Different Times $- 50$ Percentage Points Percentage Change

question 84

Multiple Choice

Measurements are made at two different times. Find the absolute change and then find the percentage change. Roundanswers to the nearest tenth if necessary.
-Last year the Mayor of the town of Little Heath had an approval rating of 71%. This year his approval rating had fallen to 21%.

• A) Absolute change: 50 percentage points
• B) Absolute change: \(- 50\) percentage points Percentage change: \(238.1 \%\) Percentage change: \(- 70.4 \%\)
• C) Absolute change: \(- 50\) percentage points
• D) Absolute change: \(- 50\) percentage points Percentage change: \(- 238.1 \%\) Percentage change: \(- 7 \%\)

Prepare and understand journal entries for the issuance of direct materials into production.

Compute direct labor rate and efficiency variances, and interpret their implications.

Understand and apply the concept of budgeting in cost management; compute the difference between actual and budgeted performance.

Calculate and interpret controllable variances in overhead costs.

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