A. budget variance
B. production volume variance
C. price volume variance
D. cost volume variance
Correct Answer: production volume 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 __________?
- The less skilled workers for operating machines then expected are classified as __________?
- If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be __________?
- If the total setup cost is $35000 and fixed setup cost is $19000, then the variable fixed cost would be __________?
- In overhead cost variance analysis, the fixed overhead does not include __________?
- 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 second step in developing operating budget is to _________?
- In flexible budget analysis, the variable overhead flexible budget variance is equal to _________?
- 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 __________?
- If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be _________?
- In manufacturing settings, the budgeted fixed overhead rate is classified as __________?
- The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150, then budgeted fixed overhead output unit will be __________?
- The variance is solely because of the difference between budgeted quantity and the __________?
- Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as __________?
- If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be __________?
- All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as __________?
- If the variable overhead flexible budget variance is $26000 and the flexible budget amount is $15000, then the actual incurred costs will be ________?
- The measure which provides the feedback on manager’s performance, considering individual aspects only is classified as __________?
- If the salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000, then fixed setup costs will be __________?
- If the budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250, then budgeted fixed overhead output unit will be __________?
- If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be __________?
- If the fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000, then the production volume variance will be __________?
- A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as _________?
- An unfavorable volume-production variance is used to measure the amount of __________?