Parts of the Unemployment Rate Which Might Increase When Labor

question 179

Multiple Choice

Parts of the unemployment rate which might increase when labor market conditions are better do include:

• A)​Those who voluntarily quit existing jobs.
• B)​Those who are newly entering the labor force.
• C)​Those who are re-entering the labor force after leaving it earlier.
• D)​All of the above.

---

Definitions:

Overapplied Overhead

A scenario in which the overhead costs attributed to manufacturing exceed the overhead expenses that were actually incurred.

Underapplied Overhead

A situation where the allocated factory overhead costs are less than the actual overhead costs incurred, leading to a discrepancy in cost accounting.

Direct Materials

The raw materials that are directly traceable and a necessary part of a finished product.

Indirect Materials

Materials used in the production process that are not directly traceable to a finished product, such as lubricants for machinery.