GB 519 RANK Let's Do This /gb519rank.com GB 519 RANK Let's Do This /gb519rank.com | Page 66

the standard variable overhead cost based on the actual quantity of the cost driver used to apply variable overhead is the: Student Answer: Total variable overhead variance. Variable overhead spending variance. Variable overhead rate variance. Variable overhead efficiency variance. UNIT 5 QUIZ Question 13. Question : Electronic Component Company (ECC) is a producer of high-end video and music equipment. ECC currently sells its top of the line "ECC" DVD player for a price of $250. It costs ECC $210 to make the player. ECC's main competitor is coming to market with a new DVD player that will sell for a price of $220. ECC feels that it must reduce its price to $220 in order to compete. The sales and