________ Save a ________ of Their Income

question 91

Multiple Choice

________ save a ________ of their income.This ________ capital in their economy and raises economic growth.

• A)Developing countries; large proportion; decreases
• B)Developing countries; small proportion; increases
• C)High-income countries; large proportion; increases
• D)High-income countries; small proportion; increases

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Definitions:

Budgeted Variable Overhead

Estimated costs that vary with production volume, such as utilities or raw materials, not directly tied to labor or capital.

Overhead Efficiency Variance

The difference between flexible budgets using actual volume and standard volume. It is an estimate of the additional overhead incurred.