The Most Typically Used Measure of Urbanization Is the

question 18

Multiple Choice

The most typically used measure of urbanization is the

• A) proportion of the population living in rural areas.
• B) percentage of residents in cities of 100,000 or more.
• C) concentration of human beings in metropolitan regions.
• D) ratio of urban versus rural dwellers.

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Definitions:

Direct Labour Hours

The total number of hours worked by employees directly involved in the manufacturing process or providing a service.

Variable Manufacturing Overhead

Costs that vary with the level of production output, such as utilities or commissions, which are indirectly associated with the manufacturing of products.

Total Variable Overhead Variance

Total variable overhead variance is the difference between the actual variable overhead costs incurred and the expected costs based on a standard cost model, indicating inefficiencies in production.

Variable Manuf. Overhead

Costs that vary with the level of production output and are related to the manufacturing process but cannot be directly traced to individual units produced.