The Difference Between Actual Volume and Budgeted Production,multiplied by the Fixed

question 86

Multiple Choice

The difference between actual volume and budgeted production,multiplied by the fixed overhead rate based on practical capacity,is the

• A)Expected (planned)capacity variance.
• B)Unexpected (unplanned)capacity variance.
• C)Total capacity variance.
• D)Volume variance.

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Definitions:

Administrative

Pertains to the activities related to the management and execution of the policies and operations of an organization, ensuring smooth and efficient processes.

Technological

Relating to or involving technology, especially in regard to its development, usage, and impact on society.

Marketing Mix

A framework consisting of the four Ps (product, price, place, and promotion) that marketers adjust to meet the needs of their target market.

Price

The sum of money anticipated, demanded, or provided as compensation for something.