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Solve Production Volume Variance Multiple Choice Questions (MCQ), production volume variance quiz answers PDF worksheet, cost accounting practice test for online degree programs. Learn flexible budget: overhead cost variance Multiple Choice Questions and Answers (MCQs), "Production Volume Variance" quiz questions and answers for online business degree. Learn cost variance analysis and activity based costing, variable and fixed overhead costs, overhead cost variance analysis test prep for free online classes.

"The production volume variance is also called" Multiple Choice Questions (MCQ) on production volume variance with choices denominator level variance, numerator level variance, price level variance, and cost level variance for online business degree. Practice production volume variance quiz questions for merit scholarship test and certificate programs for online BBA courses. Production Volume Variance Video

MCQ: The 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 the fixed overhead allocated for actual output unit is \$7500 and budgeted fixed overhead is \$21000, then the production volume variance will be

1. \$16,500
2. \$15,500
3. \$14,500
4. \$13,500

D

MCQ: If the 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 the 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