Fixed costs remain the same for both the budgeted level of volume and the static budget level of volume.
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Q31: The direct materials efficiency variance is favourable
Q32: When standard volume exceeds actual sales volume
Q33: The market share variance is calculated using
Q34: Using the standard cost for raw materials
Q35: The direct materials price variance is usually
Q37: The direct materials price variance is calculated
Q38: The market size variance provides an indication
Q39: The sales quantity variance is calculated by
Q40: Product mix variance = change in average
Q41: Fixed overhead costs per unit have an
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