Production Volume Variance MCQs Quiz Online PDF Download

Learn production volume variance MCQs, cost accounting test for online courses learning and test prep to practice. Flexible budget overhead cost variance quiz has multiple choice questions (MCQ), production volume variance quiz questions and answers to learn for competitive exams preparation.

Cost accounting practice test MCQ on production volume variance is also called with options denominator level variance, numerator level variance, price level variance and cost level variance problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning production volume variance quiz with MCQs to practice test questions with answers. Production Volume Variance Video

MCQs on Production Volume Variance Quiz PDF Download

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