The Variance Least Significant for Purposes of Controlling Costs Is

question 12

Multiple Choice

The variance least significant for purposes of controlling costs is the

• A)material quantity variance.
• B)variable overhead efficiency variance.
• C)fixed overhead spending variance.
• D)fixed overhead volume variance.

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Definitions:

Control

The power or authority to direct, manage, oversee, or govern something or someone.

Ratification

The act of formally approving an agreement or action, often after the fact, to make it officially valid.

Principal

The most important or significant entity in a given situation, or the original sum of money in a loan or investment before interest.

Implied

Suggested or understood without being directly expressed.