During Which of the Followings Decades Was the Average Inflation

question 4

Multiple Choice

During which of the followings decades was the average inflation highest in the U.S.?

• A)1950-1959
• B)1960-1969
• C)1970-1979
• D)1980-1989
• E)1990-1999

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Definitions:

Direct Labour Used

The total effort, measured in hours or costs, of workers directly involved in the manufacturing process of a product.

Variable Manuf. Overhead

Costs that vary with production volume, such as utilities and materials used in manufacturing.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, valued at standard cost.

Variable Manufacturing Overhead

Indirect manufacturing costs that vary with the production volume, such as utilities for machinery.