40. .......... variance is divided into capacity variance, calendar variance and efficiency variance.

CS Executive · Cost and Management Accounting · PYQS · June 2021
40. .......... variance is divided into capacity variance, calendar variance and efficiency variance.
(A) Volume
(B) Expenditure
(C) Yield
(D) Variable overhead

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Standard Costing

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