An unfavorable production-volume variance ________

A) is not a good measure of a lost production opportunity
B) indicates that the company had reduced its per unit fixed overhead cost to improve sales
C) measures the amount of extra fixed costs planned for but not used
D) takes into account the effect of additional revenues due to maintaining higher prices

Answer: C

Business

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If the sample size is larger than 30 for one group, the researcher should utilize the t-distribution to test for significant differences.

a. true b. false

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Judgmental models include all of the following EXCEPT

A) moving average. B) historical analogy. C) market research. D) survey of sales forces. E) survey of customers.

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