CIMA P1 Practice Questions - CIMA Operational Level P1 Management Accounting Exam

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A company uses absorption costing. Fixed production overhead is $200,000 and budgeted output is 50,000 units. Actual output is 48,000 units. What is the fixed production overhead volume variance?

$$8,000 adverse $$8,000 favourable $$2,000 adverse $$4,000 favourable

Correct Answer:

$$8,000 adverse

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