Which Statement Is True About Leaving Home

question 14

Multiple Choice

Which statement is true about leaving home?

• A) Fewer U.S. young adults reside with parents today than at any time in the past 60 years.
• B) Young people who left home because of family conflict often return because they were not ready for independent living.
• C) In the United States and other industrialized countries, residential independence decreases steadily with age.
• D) Young people who are employed are less likely than those who are chronically unemployed to leave home early.

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Definitions:

Fixed Overhead Budget Variance

The difference between the actual fixed overhead costs incurred and the fixed overhead costs that were budgeted.

Standard Machine-Hours

The estimated hours a machine is expected to operate under normal conditions.

Variable Overhead Efficiency Variance

The difference between the standard cost of variable overhead allocated for the actual output and the actual variable overhead incurred, reflecting efficiency in using resources.

Standard Machine-Hours

A predetermined measure of how many hours of machine time should be used for a given level of production output.