Multiple Choice
Which of the following is not true of the 3 level variance analysis of operating income?
A) Level 1 shows the static budget variance for operating income
B) Level 2 shows the direct material price and efficiency variances
C) Level 2 shows the sales-volume variance for operating income
D) Level 3 shows the fixed overhead production volume variance as a component of the sales-volume variance for operating income
Correct Answer:
Verified
Correct Answer:
Verified
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