Overhead Cost Variance Analysis MCQ (Multiple Choice Questions) PDF Download

A measure which evaluates overall tradeoff and effect among non-financial performance measure is

1. non-financial measures
2. financial measures
3. effective measure
4. lump sum measure

In overhead cost variance analysis, the variable overhead does not include

1. favorable volume variance
2. profit volume variance
3. cost volume variance
4. production volume variance

The measure which provides the feedback on manager's performance, considering individual aspects only is classified as

1. effectively measure
2. lump sum measure
3. non-financial measures
4. financial measures

In overhead cost variance analysis, the fixed overhead does not include

1. efficiency variance
2. unfavorable variance
3. production volume variance
4. favorable variance

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

1. $660,500
2. $560,500
3. $460,500
4. $360,500