Production Volume Variance MCQ (Multiple Choice Questions) PDF Download

The production volume variance is also called

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

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

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

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

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