The Production Volume Variance Appears When ________

question 68

Multiple Choice

The production volume variance appears when ________.

• A) the actual production volume equals the expected production volume used in computing the fixed overhead rate
• B) the actual production volume deviates from the expected production volume used in computing the fixed overhead rate
• C) the actual production volume deviates from the expected production volume used in computing the variable overhead rate
• D) the actual production volume equals the expected production volume used in computing the variable overhead rate

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Definitions:

Violation

The act of breaking or failing to comply with a law, agreement, or code of conduct.

Accountant Liability

Accountant liability refers to the legal accountability of accountants to their clients and third parties for negligence, misconduct, or failure to follow professional standards.

Fraud

Willful misrepresentation aimed at obtaining an illicit or unearned gain, or to strip someone of their rightful legal privileges.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.