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
Q143: The production-volume variance may also be referred
Q144: An unfavorable production-volume variance _.
A) is not
Q145: The level 3 components for the fixed
Q146: Under standard costing, _.
A) fixed overhead costs
Q147: The production volume variance arises only for
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