Which of the Following Types of Companies Would Not Have

question 58

Multiple Choice

Which of the following types of companies would not have a need to calculate a fixed overhead volume variance?

• A) A company that uses variable costing.
• B) A company that uses absorption costing.
• C) A company that applies fixed overhead based on direct labor hours.
• D) A company that uses activity-based costing (ABC).

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Definitions:

Privately Owned

Refers to assets, businesses, or corporations owned by non-governmental entities or individuals.

Product Line

A collection of interconnected products sold under a unified brand name by the same company.

Product Item

A specific version of a product that has a unique identifier, packaging, price, or quality.

Glad Products

A brand name associated primarily with trash bags and food storage containers, known for its range of plastic products.