Users of Financial Reports Include All of the Following Except

question 14

Multiple Choice

Users of financial reports include all of the following except

• A)creditors.
• B)government agencies.
• C)unions.
• D)All of these are users.

---

Definitions:

Overhead Cost Variance

The difference between the actual overhead costs incurred and the standard (or expected) overhead costs for a given accounting period.

Standard Overhead

The fixed amount of overhead costs that are expected to be incurred under normal operating conditions.

Volume Variance

The difference between the budgeted volume of production or sales and the actual volume, impacting costs or revenue.