Question

User attempquiz start frame auto.d217ou=362458&ispevedrc-08-3800438.col. Maps News Yahoo Digital Resources to A Self Service Insite M Gmail dnb. Homepage - Fall 20. Workplace stre ble choice nikita Brown: Attempt 1 Question 15 (1 point) The production-volume variance O O O O O A) only pertains to variable overhead costs. B) only pertains to fixed overhead costs. C) is not applicable in analysis of inventory costs. D) pertains to both fixed and variable overhead costs. E) equals the rate variance minus the efficiency variance. Question 16 (1 point) Which of the following is an assumption of CVP analysis? A) Costs must be separated into separate fixed and variable components. O B) Total revenues and total costs are curvilinear in relation to output units. OC) Given revenue mixed of products is dynamic. O D) There will be a change between beginning and ending levels of inventory. E) The time value of money must be taken into account. Question 17 (1 point) Which of the following statements about contribution margin and gross margin in CVP analysis is TRUE? s .cafioade sold о н Comunion masin omalta а 9 м е од Pgup

Answer 1

Answer:

15.

The production volume Variance

Answer: D) Pertain to both fixed and variable overhead cost.

Because of Production Volume variance = (Actual unit -Budgeted unit )*Budgeted rate

16.

Which of the following is an assumption of CVP Analysis.

Answer:: A) Costs must be separated into seperate fixed and variable components.

Because of VAriable cost per unit are constant. and total fixed cost are also constant a fixed level of production.