Multiple Choice
A cost variance includes the impact of all the following factors EXCEPT
A) Changes in price of inputs
B) Changes in productivity
C) Changes in amount of activities needed to produce an output due to changes in the type of output produced
D) Change in the quantity of output produced
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A price variance examines the difference between<br>A)
Q2: To avoid going over budget, managers postpone
Q3: Performance improvement requires that only unfavorable variances
Q5: The total variance must always equal the
Q6: Which of the following would create an
Q7: An increase in the time necessary to
Q8: Over-production would create an unfavorable and non-controllable
Q9: The variance that examines the difference between
Q10: Managers should be credited or praised when<br>A)
Q11: The formula for the volume variance is<br>A)