Zimbabwe's Migration Rate Is +24

question 89

Multiple Choice

Zimbabwe's migration rate is +24.8 per 1 000 residents.This means that

• A)24.8 more people moved into the country than moved out for every 1 000 residents who lived there.
• B)24.8 more people moved out of the country than moved in for every 1 000 residents who lived there.
• C)24.8 per cent of the population moved within the country during that year.
• D)24.8 per cent of the population moved out of the country during that year.

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Definitions:

Materials Quantity Variance

The difference between the expected amount of materials needed for production and the actual amount used.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (or budgeted) cost.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard amount expected to be used, multiplied by the standard cost per unit.

Standard Cost Variances

The differences between the actual costs incurred and the standard costs set for producing a good or service.