Which of the Following Statements Is TRUE

question 5

Multiple Choice

Which of the following statements is TRUE?

• A)The fixed manufacturing sales-volume variance is rarely zero.
• B)The difference between the allocated and the budgeted overhead is the production-volume variance.
• C)The production-volume variance arises for both fixed and variable costs.
• D)The fixed manufacturing overhead sales-volume variance can be written-off to cost of goods sold.
• E)The production-volume variance arises only for variable costs.

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Definitions:

Island Arcs

Curved chains of volcanic islands located along convergent tectonic plate boundaries, typically with deep ocean trenches on the convex side.

Abyssal Plains

Very flat, deep-sea floors found at depths between 3,000 and 6,000 meters, making up a large portion of the ocean's basin.

Oceanic Fracture Zones

Linear oceanographic features caused by the movement of tectonic plates, characterized by significant variations in depth and topography.

Seafloor

The bottom of an ocean or sea, composed of various geological features including ridges, valleys, plains, and trenches, shaped by processes like volcanic activity, sediment deposition, and tectonic movements.