For Overhead Variances, the Difference Between the Flexible Budget Amounts

question 35

Multiple Choice

For overhead variances, the difference between the flexible budget amounts and actual costs incurred is called the:

• A) Budget variance
• B) Volume variance
• C) Favourable variance
• D) Quantity variance

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Definitions:

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A social gathering of invited guests, typically involving eating, drinking, and entertainment.

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The total number of votes cast by citizens in an election, as opposed to votes cast by a legislative body or electoral college.

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