The Production-Volume Variance

question 28

Multiple Choice

The production-volume variance

• A)only pertains to variable overhead costs.
• B)only pertains to fixed overhead costs.
• C)is not applicable in analysis of inventory costs.
• D)pertains to both fixed and variable overhead costs.
• E)equals the rate variance minus the efficiency variance.

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Definitions:

Zygomaticus Major

A facial muscle that draws the mouth upward and outward, playing a key role in expressing smiling.

Buccinator

A muscle of the cheek that acts to compress the cheek against the teeth and is used in blowing and chewing.

Carpal Tunnel Pressure

The pressure within the carpal tunnel, an anatomical compartment of the hand, potentially leading to carpal tunnel syndrome when increased.

Palmar Aponeurosis

A thick fibrous tissue layer in the palm of the hand that anchors the skin and helps in gripping.