The Fixed Factory Overhead Production-Volume Variance Represents

question 108

Multiple Choice

The fixed factory overhead production-volume variance represents:

• A) Money lost or gained because of achieved production levels.
• B) A result of unitizing fixed overhead costs for product-costing purposes.
• C) Information regarding the effectiveness of the organization in meeting sales targets.
• D) Information that management can use for cost-control purposes.
• E) Important information for companies pursuing a JIT production philosophy.

---

Definitions:

Collectivism

Collectivism emphasizes the importance of groups and the collective over the autonomy of individual members.

Foundation Competencies

Fundamental skills, knowledge, and abilities that are necessary across a range of jobs and industries.

Communication Competency

The skill to convey, receive, and interpret messages effectively across a variety of contexts.

Implementation

The act of implementing or carrying out a decision or plan.