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Production Volume Variance MCQ with Answers PDF

Solve Production Volume Variance Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career tests for online courses. Practice flexible budget: overhead cost variance Multiple Choice Questions and Answers (MCQs), Production Volume Variance quiz questions for online business degree. Production Volume Variance MCQ PDF: variable and fixed overhead costs, cost variance analysis and activity based costing 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.

MCQs on Production Volume Variance Quiz

1.

The production volume variance is also called

denominator level variance
numerator level variance
price level variance
cost level variance

2.

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

$16,500
$15,500
$14,500
$13,500

3.

If the 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

4.

If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be

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

5.

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

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