GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 53

Total flexible-budget variance.
Sales volume variance.
Selling price variance.
Operating income flexible-budget variance.
Operating income variance.
Question 9. Question : Which of the following is not a plausible
cause of a systematic
variance?
Student Answer:
Prediction error.
Modeling error.
Implementation error.
Measurement error.
Random error
UNIT 5 QUIZ
Question 10. Question : Which one of the following journal
entries in a standard cost
system would be used to apply factory overhead costs to
production?
Student Answer: