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Production Volume Variance MCQ with Answers PDF Download

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MCQ on Production Volume Variance Quiz

MCQ: The production volume variance is also called

denominator level variance

numerator level variance

price level variance

cost level variance

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

$16,500

$15,500

$14,500

$13,500

MCQ: 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

MCQ: 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

MCQ: 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