Older Workers Are

question 73

Multiple Choice

Older workers are

• A) much more likely to migrate than younger workers because older workers have lower moving costs.
• B) much less likely to migrate than younger workers because older workers are more likely to have children at home.
• C) much more likely to migrate than younger workers because older have lower implicit costs of migrating.
• D) much more likely to migrate than younger workers because younger workers have stronger roots and ties to the local community.

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Definitions:

Overapplied

A condition where the manufacturing overhead allocated to products exceeds the actual manufacturing overhead costs incurred.

Underapplied

A situation in cost accounting where the allocated overhead costs are less than the actual overhead costs.

Predetermined Overhead Rate

The predetermined overhead rate is a rate used to allocate manufacturing overhead costs to products or job orders, based on estimated overhead costs and activity levels.

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard cost allocated, indicating inefficiencies or cost control issues.