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Cost accounting practice test MCQ: production volume variance is also called with choices denominator level variance, numerator level variance, price level variance and cost level variance with distance learning, competitive exams preparation for national and international universities' admissions. Free study guide is for online learning production volume variance quiz with MCQs to practice test questions with answers. Production Volume Variance Video

MCQ: Production volume variance is also called

1. denominator level variance
2. numerator level variance
3. price level variance
4. cost level variance

A

MCQ: If fixed overhead allocated for actual output unit is \$7500 and budgeted fixed overhead is \$21000, then production volume variance will be

1. \$16,500
2. \$15,500
3. \$14,500
4. \$13,500

D

MCQ: If fixed overhead allocated for actual output unit is \$9800 and budgeted fixed overhead is \$22000, then production volume variance would be

1. \$31,800
2. \$12,300
3. \$12,200
4. \$41,800

C

MCQ: If fixed overhead allocated for actual output units is \$36000 and production volume variance is \$7000, then budgeted fixed overhead will be

1. \$43,000
2. \$42,000
3. \$29,000
4. \$19,000

A

MCQ: In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as

1. lump sum price amount
2. lump sum fixed cost
3. lump sum variable cost
4. lump sum manufacturing cost

B