The Overhead Volume Variance

question 10

Multiple Choice

The overhead volume variance:

• A)captures the difference between planned overheads and actual overheads
• B)measures underutilized capacity
• C)measures the opportunity cost of actual capacity utilization differing from planned capacity utilization
• D)as a performance measure encourages overproduction
• E)All of the choices are correct

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Definitions:

Diol

An organic compound containing two hydroxyl groups attached to different carbon atoms.

Primary Alcohol

An alcohol where the carbon bonded to the OH group is also attached to only one other carbon atom, typically more reactive in oxidation reactions.

Secondary Alcohol

An alcohol with the hydroxyl group attached to a carbon atom that is bonded to two other carbon atoms.

Tertiary Alcohol

Tertiary alcohol is a classification of alcohol in which the hydroxyl group (-OH) is connected to a carbon atom that is in turn connected to three other carbon atoms.