Change the Following Decimal to a Fraction

question 31

Short Answer

Change the following decimal to a fraction. Reduce to lowest terms if indicated.
0.006 = _____

---

Definitions:

Flexible Budget

A budget that adjusts or flexes for changes in the volume of activity, providing a more useful comparison against actual costs than a static budget.

Actual Activity

The real or factual actions or tasks completed within a period, often measured to assess performance or productivity.

Static Budget

A financial plan that does not change or adjust with variations in business activity levels.

Labor Rate Variance

The difference between the actual cost of direct labor and its expected (or standard) cost during a given period.