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Author Question: Which of the following is not true of the 3 level variance analysis of operating income? (Read 67 times)

storky111

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Question 1

Which of the following is a component of sales-volume variance?
◦ Net-income volume variance
◦ Operating-income volume variance
◦ Taxable-income volume variance
◦ Budgeted revenue variance

Question 2

Which of the following is not true of the 3 level variance analysis of operating income?
◦ Level 1 shows the static budget variance for operating income
◦ Level 2 shows the direct material price and efficiency variances
◦ Level 2 shows the sales-volume variance for operating income
◦ Level 3 shows the fixed overhead production volume variance as a component of the sales-volume variance for operating income


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Marked as best answer by storky111 on Mar 6, 2021

dyrone

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storky111

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


brbarasa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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