Which of the Following Would Be Considered a Program Revenue

question 6

Multiple Choice

Which of the following would be considered a program revenue in the Statement of Activities of a local government?

• A) A grant from the state to construct utility plant.
• B) A motor fuel tax, restricted for road repairs.
• C) Both of the above.
• D) Neither of the above.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard or expected cost, used to assess cost management efficiency.

Materials Quantity Variance

Materials Quantity Variance is the difference between the expected amount of materials to produce a given output and the actual amount of materials used, highlighting efficiency in material usage.

Variable Overhead

Expenses that vary with production volume, such as utility costs in a factory.

Standard Costs

Predetermined or estimated costs for a product or service, used for budgeting purposes and as a benchmark for measuring performance.