In General, the Unit-Level (Or Volume-Related) Costs in an Activity-Based

question 33

True/False

In general, the unit-level (or volume-related) costs in an activity-based costing (ABC) system are variable costs.

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Definitions:

Variable Overhead Efficiency Variance

A measure that reflects the efficiency of variable overhead resource usage by comparing the standard hours allowed with the actual hours used.

November

The eleventh month of the year in the Gregorian calendar, following October and preceding December.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost of variable overhead allocated to produced goods.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the amount of overhead allocated to production, based on standard rates.