The production volume variance under variable costing is ______________?

Related Mcqs:

1. The production volume variance under absorption costing:

   A. must be inventoriable B. must exist C. must not exist D. non-inventoriable...

2. Under absorption costing, the magnitude for favorable volume production variance is affected by the choice of _________?

   A. unplanned level B. budgeting level C. numerator level D. denominator level...

3. The variance which is included in absorption costing, but not in variable costing is classified as __________?

   A. production volume variance B. cost volume variance C. profit volume variance D. fixed cost variance...

4. If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?

   A. production exceeds breakeven sales B. breakeven sales exceeds production C. price exceeds cost D. cost exceeds price...

5. If the production is less than sales, then operating income under variable costing is __________?

   A. negative income value B. lower income C. higher income D. zero dividends...

6. If the production is greater than sales, then operating income under variable costing is _________?

   A. negative income value B. lower income C. higher income D. zero dividends...

7. The costing system, which is a combination of process costing and job costing system, is classified as __________?

   A. weighted costing system B. average costing system C. hybrid costing system D. double costing system...

8. In variable costing, an effect on cost volume profit relationship is driven by __________?

   A. unit level of sales B. unit level of production C. unit level of inventory D. unit dividends...

9. In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

   A. distinction B. similarities C. increase in units D. decrease in units...

10. If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be __________?

    A. $182,500 B. $152,500 C. $162,500 D. $172,500...