Question 12. Question : The difference between total variable
overhead cost incurred and
the standard variable overhead cost based on the actual quantity
of
the cost driver used to apply variable overhead is the:
Student Answer:
Total variable overhead variance.
Variable overhead spending variance.
Variable overhead rate variance.
Variable overhead efficiency variance.
UNIT 5 QUIZ
Question 13. Question : Electronic Component Company (ECC)
is a producer of high-end
video and music equipment. ECC currently sells its top of the
line
"ECC" DVD player for a price of $250. It costs ECC $210 to
make the player. ECC's main competitor is coming to market
with