Which of the Following Are Sources of Revenue for State

question 102

Multiple Choice

Which of the following are sources of revenue for state and local governments?
i.property taxes
ii.sales taxes
iii.transfers from the federal government

• A) i and ii
• B) ii and iii
• C) i and iii
• D) i, ii and iii
• E) i only

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Definitions:

Fixed Overhead Volume Variances

The difference between the budgeted and actual fixed overhead expenses, attributed to changes in production volume.

Standard Cost Data

Predetermined costs for materials, labor, and overhead that are used to measure and control actual production costs.

Capacity Percentage

A measure of the amount of productive capacity being used by a facility or entity, often expressed as a percentage.

Activity Level

In management accounting, this refers to the amount of production or the volume of services to be provided. It's often used in budgeting and to measure performance.