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:

Bond Funds

Mutual funds that invest primarily in bonds with the aim of generating income for their investors.

Growth Equity Funds

Investment funds that focus on companies expected to grow at an above-average rate compared to their industry or the overall market.

Fast-growing Companies

Firms that exhibit higher-than-average rates of growth in earnings, revenue, or market share.

Balanced Funds

Mutual funds that invest in a mix of asset classes, typically stocks and bonds, to provide a balance between risk and return.