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Ch 14 4e - Chapter 14 Multiple Choice Quiz 1 of 2...

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Chapter 14 Multiple Choice Quiz (See related pages) 1 For product costing purposes: A) we do not need to "utilize" variable manufacturing costs. B) we treat variable selling expenses as if they were variable manufacturing costs. C) we treat fixed manufacturing costs as if they were variable costs. D) we treat variable manufacturing costs as if they were fixed costs. 2 Finding a single cost driver that changes in the same proportion as all the variable factory overhead costs is: A) simplified by breaking out the fixed portion of overhead cost. B) the first step in variable overhead cost management. C) difficult, but manageable. D) difficult, and really manageable. E) generally impossible. 3 Many firms break total variable overhead variance into two detailed variances that measure: A) input and output efficiencies. B) spending and efficiency. C) production inconsistencies. D) Only a and b are correct. E) Neither answer a nor b are correct. 4 The fixed overhead production volume variance represents: A) money lost or gained because of achieved production levels. B) under- or over-utilization of facilities or capacity. C) little or nothing for management's control effectiveness.
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