Volume variance is sub-divided into —

CS Executive · Cost and Management Accounting · PYQS · June 2015
Volume variance is sub-divided into —
(A) Efficiency variance and capacity variance
(B) Efficiency variance, capacity variance and calendar variance
(C) Expenditure variance and efficiency variance
(D) Expenditure variance, capacity variance and calendar variance.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Standard Costing

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