The Volume Variance Is Caused By

question 26

Multiple Choice

The volume variance is caused by:

• A)the difference between the activity allowed for the actual output and the budgeted activity used in computing the fixed overhead rate.
• B)the difference between total budgeted fixed overhead and total standard fixed overhead assigned to production.
• C)the difference between the activity allowed for the actual output and the total standard fixed overhead assigned to production.
• D)the difference between the standard fixed overhead rate and the actual fixed overhead rate.

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Definitions:

Achievement Orientation

Concentration on establishing and achieving superior performance levels.

Collectivist

Pertaining to a cultural orientation that emphasizes the needs, goals, and views of the group over those of the individual.

Ethical Sensitivity

The ability to recognize and evaluate ethical considerations and dilemmas in decision-making processes.

Empathy

The ability to understand and share the feelings of another person.