When standard volume exceeds actual sales volume the sales quantity variance is favourable.
Correct Answer:
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Q27: The product mix variance is only useful
Q28: Variable costs per unit of volume increase
Q29: The market share variance provides an indication
Q30: The direct materials efficiency variance is measured
Q31: The direct materials efficiency variance is favourable
Q33: The market share variance is calculated using
Q34: Using the standard cost for raw materials
Q35: The direct materials price variance is usually
Q36: Fixed costs remain the same for both
Q37: The direct materials price variance is calculated
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