Which of the Following Statements About Overhead Variances Is False

question 85

Multiple Choice

Which of the following statements about overhead variances is false?

• A)Standard hours allowed are used in calculating the spending variance.
• B)Standard hours allowed are used in calculating the volume variance.
• C)The spending variance pertains solely to fixed costs.
• D)The total overhead variance pertains to both variable and fixed costs.

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Definitions:

Useful

Pertains to something being of value or benefit, serving a purpose or fulfilling a need.

Reality

The sum or aggregate of all that is real or existent within a system, as opposed to that which is only imaginary.

Social Process

Refers to the patterns of growth, change, interaction, and adaptation in societies and social institutions over time.

Intra-cranial

Referring to something occurring within the skull.