Which One of the Following Describes the Total Overhead Variance

question 239

Multiple Choice

Which one of the following describes the total overhead variance?

• A) The difference between what was actually incurred and the flexible budget amount
• B) The difference between what was actually incurred and overhead applied
• C) The difference between the overhead applied and the flexible budget amount
• D) The difference between what was actually incurred and the total production budget

---

Definitions:

Rival Nation

A country that competes with another, often in economic, military, or technological aspects.

Mercantilism

An economic theory and practice that promotes government regulation of the nation's economy to increase state power at the expense of rival national powers.

Trade Surplus

A situation where a country's exports exceed its imports over a given period.

Sovereign Country

An independent state that possesses full self-government and is not controlled by another state.