Many People Assume That If Child Workers in Developing Countries

question 140

Multiple Choice

Many people assume that if child workers in developing countries weren't working in factories, they would be in school. In fact, children in developing countries

• A) split their time evenly between work and school.
• B) usually have few good alternatives to work.
• C) are only allowed to work if they have attended school up to age 15.
• D) who work are relatively rare, as most do attend school full time.

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Definitions:

Variable Overhead Efficiency Variance

The difference between the actual variable overhead based on hours worked and the standard cost of variable overhead for those hours, indicating efficiency in controlling variable overhead costs.

Variable Manufacturing Overhead Cost

The portion of manufacturing costs that varies with the level of production output, including costs such as indirect materials and utilities.

Standard Hours Allowed

The amount of time that should be taken to complete a specific amount of work, according to predefined standards.

Labour Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost, based on the standard rate per hour.