According to Thornburgh, "Dropping Out of High School Today Is

question 3

Multiple Choice

According to Thornburgh, "Dropping out of high school today is to your societal health what _____, an indicator of a host of poor outcomes to follow, from low lifetime earnings to high incarceration rates to a high likelihood that your children will drop out of high school and start the cycle anew."

• A) smoking is to your physical health
• B) dropping out of college used to be
• C) exercise is to your physical health
• D) joining the military has always been

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Definitions:

Budget Variance

The difference between the budgeted or planned amount of expenses or revenues, and the actual amount incurred or earned.

Predetermined Overhead Rate

A rate calculated before the period begins, used to allocate manufacturing overhead to products based on a specific activity base.

Volume Variance

The difference between planned production volumes and actual production volumes, and its effect on budgeted costs.

Variable Overhead

Costs that fluctuate with changes in production level or activity, such as utilities or materials, within the manufacturing overhead category.