Production Volume Variance MCQs Quiz Online PDF Download

Learn production volume variance MCQs, online MBA cost accounting test for distance education, online accounting courses prep. Practice flexible budget: overhead cost variance multiple choice questions (MCQs), production volume variance quiz questions and answers. GMAT test prep on cost variance analysis and activity based costing, variable and fixed overhead costs, production volume variance tutorials for online bachelor of science in accountancy courses distance learning.

Study bachelors and masters in accounting degree MCQs: production volume variance is also called, for online courses 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 skills assessment test is for online learn production volume variance quiz questions with MCQs, exam preparation questions and answers to prepare entrance exam for EMBA program admission. Production Volume Variance Video

MCQs on Production Volume VarianceQuiz 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