The Formula for the Volume Variance Is

question 11

Multiple Choice

The formula for the volume variance is

• A) (Actual output-Budgeted output)*Budgeted cost/output
• B) ((Actual cost/Actual input)-(Budgeted cost/Budgeted input))*Actual quantity of input used
• C) (Actual inputs/Actual activity-Budgeted inputs/Budgeted activity)*Budgeted cost/input* Actual activities produced
• D) (Actual activity/Actual output-Budgeted activity/Budgeted output)*Budgeted cost per activity*Actual output

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Definitions:

Sources

The origins or providers of information, materials, or resources.

Destinations

The end points or locations to which goods, services, or information are sent.

Dummy Row

A placeholder or artificial row added to a table or dataset, often used in programming and data analysis to facilitate certain operations.

Minimum Cost

The least possible expenditure required to achieve a particular objective or the production of goods and services.