Production volume variance MCQs, production volume variance quiz answers to learn accounting courses online. Flexible budget: overhead cost variance multiple choice questions (MCQs), production volume variance quiz questions and answers for online bachelor of finance. Cost variance analysis and activity based costing, variable and fixed overhead costs, overhead cost variance analysis, production volume variance test prep for financial business analyst certification.

Learn flexible budget: overhead cost variance test MCQs: production volume variance is also called, with choices denominator level variance, numerator level variance, price level variance, and cost level variance for online bachelor of finance. Practice assessment test for scholarships, online learning production volume variance quiz questions for competitive assessment in business majors for business analyst certification. 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