Volume Variance =

Related MCQs

• Material Usage Variance=Material Mix Variance +…………..
• Volume variance is divided into……………
• Volume variance arises because of :
• The per unit expense of the ……………portion factory overhead varies with the volume of production while………………..portion remains the same with volume.
• Material price variance is the difference between standard and actual prices of materials used multiplied by………………..
• Labour cost variance is the difference between standard cost of labour and………..
• Idle time variance is………….
• Total Material cost variance =
• Material Price Variance = Actual Usage (……………)
• Material usage variance = standard price(……………….)