A. efficiency variance
B. unfavorable variance
C. production volume variance
D. favorable variance
Correct Answer: efficiency variance ✔
Last Updated: May 11, 2023
Related MCQs
- The machine budgeted time standards are set too tight, is the possible cause for __________?
- If an actual variable quantity is 70, the actual and budgeted overhead cost of allocation is $8650 and $3500 respectively, then the variable overhead spending variance will be __________?
- The first step in developing cost rate for budgeted variable overhead is to __________?
- If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be __________?
- Usage of more resources to develop fundamental standards is classified as __________?
- The flexible budget amount is added in to fixed overhead flexible budget variance to calculate __________?
- If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be __________?
- If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be __________?
- The variable overhead flexible budget variance is added to flexible budget amount to calculate __________?
- If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be __________?
- If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be __________?
- The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________?
- The lump sum cost that remains unchanged in total despite of changes in total volume is classified as __________?
- The third step in developing operating budget is to __________?
- If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be _________?
- If the budgeted total cost in fixed overhead is $465200 and the budgeted total quantity is $8750, then budgeted fixed overhead cost per unit will be __________?
- The fourth step in development of operating budget is to __________?
- If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be __________?
- In overhead cost variance analysis, the variable overhead does not include __________?
- An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as __________?
- The costing technique, which classify all the activities in costing hierarchy is classified as __________?
- A measure which evaluates overall tradeoff and effect among non-financial performance measure is __________?
- The higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all the factors of __________?
- The lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all the factors of __________?
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- To calculate fixed overhead flexible budget variance, an actual incurred cost is subtracted from __________?
- If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be __________?
- The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate __________?
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- If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be _________?
- In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as __________?
- If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be __________?
- An activity based costing hierarchy includes __________?
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- The variance is solely because of the difference between budgeted quantity and the __________?
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- All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as __________?
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- The measure which provides the feedback on manager’s performance, considering individual aspects only is classified as __________?
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- A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as _________?
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