Volume variance represents the portion of overall variance caused by a difference between: the expected workload...
Volume variance represents the portion of overall variance caused by a difference between:
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the expected workload and the actual workload. |
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the budgeted and the actual quantity of input needed per unit of output. |
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actual and expected price of an input. |
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None of these is correct. |
Homework Answers
Ans - the expected workload and the actual workload.
Explanation - In layman terms variance represents the differences between two things. In Finance variance is mismatch between expectations and actual outputs. We might over estimate or underestimate so difference of actual point from these points are considered as variance. Variance can be negative or positive.
The budgeted and the actual quantity of input needed per unit of output. This can't be considered as volume variance, this is actually input variance.
Actual and expected price of an input.- This is price variance
Hence correct answer is the expected workload and the actual workload.
Add Answer to:
Volume variance represents the portion of overall variance
caused by a difference between:
the expected workload...
Overhead cost variance is: Multiple Choice The difference between the overhead costs actually incurred and the...
Overhead cost variance is: Multiple Choice The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level. The difference between the actual overhead incurred during a period and the standard overhead applied. The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit. The costs that should be incurred under normal conditions to produce a specific product (or component) or to perform...
answer all 37) The sales volume variance is the difference between the 37) Aj expected results...
answer all
37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
7. Overhead cost variance is: a. The difference between the overhead costs actually incurred and the...
7. Overhead cost variance is: a. The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level. b. The difference between the actual overhead incurred during a period and the standard overedd app C. The difference between actual and budaeted cost caused by the difference between the actual price per unit and the budgeted price per unit. d. The costs that should be incurred under normal conditions to produce a specific product (or component...
U lu di stuttenng -- Saved The overhead cost variance is: The difference between the overhead...
U lu di stuttenng -- Saved The overhead cost variance is: The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level 0 The difference between the actual overhead incurred during a period and the standard overhead applied. 0 The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit 0 The costs that should be incurred under normal conditions to produce...
The overhead cost variance is: Multiple Choice The difference between the overhead costs actually incurred and...
The overhead cost variance is: Multiple Choice The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level. The difference betweene actual overhead incurred during a period and the standard overhead applied. The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit The costs that should be incurred under normal conditions to produce a specific product (or component) or to perform...
Sales Volume Variance can be calculated as: ( Market Size Variance plus Market Share Variance Budgeted...
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A Variance A. is the difference between variable cost value, or standard, and the indirect (realized)...
A Variance A. is the difference between variable cost value, or standard, and the indirect (realized) value. Variance analysis examines differences between last years and actual amounts with the goal of finding out why things went either badly or well. B. between unit price and variable cost rate, or per unit revenue minus per unit variable cost. Thus, contribution margin is the per unit dollar amount available to cover an organization’s fixed costs and then to contribute to profit. C....
UESTiON 13 A difference between the planned and actual contribution margin (CM) would not be caused by A an increa...
UESTiON 13 A difference between the planned and actual contribution margin (CM) would not be caused by A an increase of decrease in sales volume B. an increase or decrease sales price per unit C. an increase or decrease in fixed costs per unit D any of these would cause a difference between planned and actual CM O E. an increase or decrease in variable cost per unit
Explanation not necessary The variable overhead efficiency variance is caused by the difference between which of...
Explanation not necessary The variable overhead efficiency variance is caused by the difference between which of the following? A actual and budgeted units B. actual and standard overhead rates C. actual and standard allocation base D. actual units and actual overhead rates This standard is set at a level that could be achieved if everything ran perfectly. A unattainable standard B. attainable standard C. variance from standard D. ideal standard Which of the following statements is not correct? A The...
17. When computing variances, the difference between standard price multiplied by actual quantity yields a(n): A....
17. When computing variances, the difference between standard price multiplied by actual quantity yields a(n): A. flexible budget B. planning budget C. actual results D. all of these E. none of these 18. When computing standard cost variances, the difference between actual and standard prices yields a(n): A. actual results B. volume variance C. price variance D. quantity variance E. none of these
answer all
37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
7. Overhead cost variance is: a. The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level. b. The difference between the actual overhead incurred during a period and the standard overedd app C. The difference between actual and budaeted cost caused by the difference between the actual price per unit and the budgeted price per unit. d. The costs that should be incurred under normal conditions to produce a specific product (or component...
U lu di stuttenng -- Saved The overhead cost variance is: The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level 0 The difference between the actual overhead incurred during a period and the standard overhead applied. 0 The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit 0 The costs that should be incurred under normal conditions to produce...
The overhead cost variance is: Multiple Choice The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level. The difference betweene actual overhead incurred during a period and the standard overhead applied. The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit The costs that should be incurred under normal conditions to produce a specific product (or component) or to perform...
Sales Volume Variance can be calculated as: ( Market Size Variance plus Market Share Variance Budgeted Contribution Margin x | Actual Quantity of Output - Budgeted Quantity of Output The difference between the Operating Income of the Static Budget and Flexible Budget The difference between the Total Contribution Margin of the Static Budget and the Flexible Budget CD All of the above
UESTiON 13 A difference between the planned and actual contribution margin (CM) would not be caused by A an increase of decrease in sales volume B. an increase or decrease sales price per unit C. an increase or decrease in fixed costs per unit D any of these would cause a difference between planned and actual CM O E. an increase or decrease in variable cost per unit
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