Multiple Choice
The formula for the volume variance is
A) (Actual output-Budgeted output) *Budgeted cost/output
B) ((Actual cost/Actual input) -(Budgeted cost/Budgeted input) ) *Actual quantity of input used
C) (Actual inputs/Actual activity-Budgeted inputs/Budgeted activity) *Budgeted cost/input* Actual activities produced
D) (Actual activity/Actual output-Budgeted activity/Budgeted output) *Budgeted cost per activity*Actual output
Correct Answer:
Verified
Correct Answer:
Verified
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