When there is a difference between the actual and the standard capacity, which of the following, based solely on fixed overhead, occurs:
A. Volume variance.
B. Quantity variance.
C. Production variance.
D. Controllable variance.
E. Overhead cost variance.
Answer: A
You might also like to view...
Under U.S. GAAP, a discontinued operation is a component of an entity, comprising operations and cash flows that clearly differ from the rest of the entity, both operationally and for financial reporting. Segments, divisions, subsidiaries, and groups of assets can qualify as a component of an entity
Indicate whether the statement is true or false
What is Lionel Messi’s asset specificity?
a. His #10 shirt b. Adidas boots c. Scoring goals d. All of these
Smart Art is a new business
During its first year of operations, credit sales were $44,000 and collections from credit sales were $32,000. One account for $625 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year? A) $12,000 B) $10,495 C) $11,375 D) $11,120
Kassandra Young is a business manager at Weith Productions. Although she does not have a background in technology, her job requires her to work with analytical tools to make data-driven decisions. To make her job easier, what can she customize to display data quickly and run custom reports?
A. Information cleansing B. Data set C. Data point D. Dashboard