The Difference Between the Actual Cost Driver Amount and the Standard

question 30

Multiple Choice

The difference between the actual cost driver amount and the standard cost driver amount,multiplied by the standard variable overhead rate,is the:

• A)variable overhead rate variance.
• B)variable overhead efficiency variance.
• C)variable overhead volume variance.
• D)over- or underapplied variance.

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Definitions:

Downsizing

A strategic reduction of the workforce by a company through layoffs, often with the intent of reducing costs and improving efficiency or profitability.

Acquisition

The act of obtaining control of another company or business entity through purchase, merger, or another method.

Watch Bands

Straps or bracelets that attach to a watch case, allowing it to be worn on the wrist.

HRM

Human Resource Management; the strategic approach to manage people in an organization in a way that supports the business's goals and vision.