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
Q5: A cost variance includes the impact of
Q6: A price variance examines the difference between
A)
Q7: An intensity variance examines the difference between
A)
Q8: The variance that examines the difference between
Q9: The variance that examines the difference between
Q11: The formula for the efficiency variance is
A)
Q12: The cost variance is the sum of
Q13: An increase in the proportion of older
Q14: An increase in the time necessary to
Q15: A decrease in the number of patients
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