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:

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Parasympathetic

Part of the autonomic nervous system that conserves energy and slows the heart rate, among other functions.

Splanchnic Nerves

Nerves that convey information about the nutrient contents of the stomach to the brain and are responsible for providing autonomic nervous system control to the abdomen.

Collateral Ganglia

Collections of nerve cell bodies located in the peripheral autonomic nervous system, involved in transmitting nerve signals to organs.