The Total Fixed Overhead Variance Is

question 101

Multiple Choice

The total fixed overhead variance is

• A)actual fixed overhead - applied fixed overhead.
• B)the sum of the spending and volume variances.
• C)the sum of the spending and efficiency variances.
• D)both actual fixed overhead - applied fixed overhead and the sum of the spending and efficiency variances.
• E)both actual fixed overhead - applied fixed overhead and the sum of the spending and volume variances.

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Definitions:

Amount

The total sum of money, quantities, or values in question.

Evaluate

To calculate or determine the numerical value of an expression or equation.

Evaluate

The process of determining the value of a mathematical expression or equation.

Given

A term used in mathematics and logic to denote something that is assumed to be true or is provided as part of the problem statement.