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The Production Volume Variance Multiple Choice Questions (MCQ Quiz) with Answers PDF, Production Volume Variance MCQ PDF e-Book download to practice MBA Cost Accounting Tests. Study Flexible Budget: Overhead Cost Variance Multiple Choice Questions and Answers (MCQs), Production Volume Variance quiz answers PDF for online accounting masters programs. The Production Volume Variance MCQ App Download: Free learning app for variable and fixed overhead costs, cost variance analysis and activity based costing test prep to learn online certificate courses.

The MCQ: If fixed overhead allocated for actual output unit is \$7500 and budgeted fixed overhead is \$21000, then production volume variance will be; "Production Volume Variance" App Download (Free) with answers: \$16,500; \$15,500; \$14,500; \$13,500; for online accounting masters programs. Practice Production Volume Variance Quiz Questions, download Apple eBook (Free Sample) for online business degree.

## Production Volume Variance MCQs: Questions and Answers

MCQ 1:

The production volume variance is also called

1. denominator level variance
2. numerator level variance
3. price level variance
4. cost level variance
MCQ 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

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

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
MCQ 4:

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
MCQ 5:

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