If Actual Fixed Overhead Was £120,000 and There Was a £2,600

question 15

Multiple Choice

If actual fixed overhead was £120,000 and there was a £2,600 favourable spending variance and a £2,000 unfavourable volume variance, budgeted fixed overhead must have been

• A)£124,600.
• B)£122,000.
• C)£120,000.
• D)£122,600.

---

Definitions:

Role Transition

The process of changing from one role to another, which can involve acquiring new identities, responsibilities, and behaviors.

Social Loafing

The occurrence in which people put in less effort while working as part of a team than they do when working by themselves.

Social Attraction

The force that draws people together to form friendships, relationships, or to become part of a group, influenced by factors like similarities, admiration, and shared interests.

Prototypical

Representing the most characteristic or typical example of a certain category or concept.