# Production Volume Variance MCQs Quiz Online PDF Download

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## MCQs on Production Volume VarianceQuiz PDF Download

MCQ: Production volume variance is also called

- denominator level variance
- numerator level variance
- price level variance
- 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

- $16,500
- $15,500
- $14,500
- $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

- $31,800
- $12,300
- $12,200
- $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

- $43,000
- $42,000
- $29,000
- $19,000

A

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

- lump sum price amount
- lump sum fixed cost
- lump sum variable cost
- lump sum manufacturing cost

B