General Studies · Cost Accounting
Which of the following variances would be shown in an operating statement prepared under a standard marginal costing system? (i) Variable overhead expenditure variance (ii) Variable overhead efficiency variance (iii) Fixed overhead expenditure variance (iv) Fixed overhead volume variance
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(ii), (iii) and (iv)
- 2(i), (ii) and (iii)✓
- 3(i), (iii) and (iv)
- 4(i), (ii) and (iv)
Correct answer
(i), (ii) and (iii)
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