The Production-Volume Variance, Which Relates Only to Fixed Manufacturing Overhead

question 69

True/False

The production-volume variance, which relates only to fixed manufacturing overhead, exists under absorption costing but not under variable costing.

---

Definitions:

Nonageist

Pertaining to practices or attitudes that do not discriminate against people on the basis of their age.

Business Communication

The sharing of information between people within and outside an organization to achieve business goals.

Myers-Briggs Typology

A personality framework that categorizes people into 16 distinct types based on preferences in how they perceive the world and make decisions.

Thinking-Feeling Dichotomy

A concept in psychology and personality typing that categorizes people on the basis of their decision-making preferences: logical and objective versus personal and subjective.