Solve the Problem. -In 1995 the United States Recovered 27% of Its Municipal

question 42

Multiple Choice

Solve the problem.
-In 1995 the United States recovered 27% of its municipal wastes through recycling, up from 17% in 1990. Let P represent the percentage recycled and t the number of years since 1990. Find a linear function P(t) that fits this Data. Use this function to predict the percentage recycled in 2003.

• A) 43%
• B) 39.4%
• C) 41.1%
• D) 44.7%

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard cost allocated, indicating inefficiencies or cost control issues.

Favorable

A term used in accounting to describe a situation where actual costs are less than the budgeted or standard costs.

Unfavorable

A term used in variance analysis to describe a variance that leads to a decrease in profit compared to budgeted or standard costs.

Fixed Manufacturing Overhead

The portion of total manufacturing overhead costs that does not vary with the level of production or output.