The Total Variance Is $35000

question 22

Multiple Choice

The total variance is $35000. The total materials variance is $14000. The total labor variance is twice the total overhead variance. What is the total overhead variance?

• A) $3500
• B) $7000
• C) $10500
• D) $14000

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Definitions:

Planning Budget

A planning budget refers to a financial plan that estimates income, expenditure, and resources over a certain period, tailored to achieve specific goals or objectives.

Customers Served

The number of clients or customers to whom a business has provided products or services.

Revenue

The aggregate sum of funds a company acquires from selling products or offering services over a specific period.

Chairs Repaired

A metric indicating the number of chairs fixed or restored to their original condition, often used in furniture repair businesses to track productivity.