Which of the Following Variances Considers Only the Cost Variance

question 19

Multiple Choice

Which of the following variances considers only the cost variance to be included in the calculation of the total production cost flexible budget variance?

• A)total fixed overhead variance
• B)total variable overhead variance
• C)total direct materials variance
• D)total direct labor variance

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Definitions:

Unemployment Rate

The percentage of workers who are jobless and actively seeking positions.

Economic Indicators

Statistics about economic activities that allow analysis of economic performance and predictions of future performance.

Structural Unemployment

A type of unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

Skills Mismatch

A discrepancy between the skills offered by labor market participants and the skills demanded by employers.