Between 1950 and Today There Was a

question 154

Multiple Choice

Between 1950 and today there was a

• A) 20 percent drop in the number of farmers, but farm output more than tripled.
• B) 30 percent drop in the number of farmers, but farm output more than tripled.
• C) 50 percent drop in the number of farmers, but farm output more than doubled.
• D) 70 percent drop in the number of farmers, but farm output more than doubled.

---

Definitions:

Activity Level

A measure of the volume of production or services activity within a company, often used to allocate variable costs.

Revenue Variance

The difference between the actual revenue earned and the budgeted or expected revenue, indicating the effectiveness of sales strategies and market conditions.

Activity Level

A measure of the amount of work performed or units produced, used often in costing to allocate fixed costs properly.

Manufacturing Overhead

All manufacturing costs that are not directly related to the production of a product, such as factory rent, utilities, and maintenance.