Fixed Production Costs Variances Are Calculated as

question 55

Multiple Choice

Fixed production costs variances are calculated as

• A)the difference between actual and budgeted fixed costs.
• B)(actual hours ´ standard inputs)- budgeted fixed costs.
• C)(actual hours ´ standard outputs)- budgeted fixed costs.
• D)(actual hours ´ standard outputs)- actual fixed costs.

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Definitions:

Gross Margin Ratio

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company's core activities.