Answer the Following Questions Using the Information Below -In a 2-Variance Analysis,the Flexible-Budget Variance and the Production-Volume Variance

question 140

Multiple Choice

Answer the following questions using the information below:
$\begin{array}{lrcc}&&\text { Production- }\\\text { Variances }&\text { Spending }&\text { Efficiency }&\text { Volume }\\\text { Variable manufacturing overhead } & \$ 4500 \mathrm{~F} & \$ 15000 \mathrm{U} & \text { (B) } \\\text { Fixed manufacturing overhead } & \$ 10000 \mathrm{U} & (\mathrm{A}) & \$ 40000 \mathrm{U}\end{array}$

-In a 2-variance analysis,the flexible-budget variance and the production-volume variance should be ________,respectively.

• A)$10 500 U;$50 000 U
• B)$20 500 U;$40 000 U
• C)$5500 U;$55 000 U
• D)$60 500 U;Zero

---

Definitions:

Sample Size

The number of individual observations or data points used in a statistical analysis.

Degrees of Freedom

The total of unique values or figures that may be allocated to a statistical distribution.

Confidence Interval

A range of values, derived from statistical analysis, that is believed to contain the true value of an unknown population parameter with a specified level of certainty.

Degrees of Freedom

The number of independent values or quantities that can vary in the calculation of a statistic, often affecting its distribution.