Fixed Overhead Volume Variances Arise Because

question 141

Multiple Choice

Fixed overhead volume variances arise because:

• A)Budgeted overhead and actual overhead are usually identical
• B)An estimate of production volume is used for the denominator in calculating the fixed overhead allocation rate
• C)The actual amount of direct materials is not identical to the budgeted level
• D)The actual amount of fixed overhead costs in not identical to the budgeted level

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Definitions:

Team Effectiveness Model

A framework for understanding the factors that lead to the success of teams, including elements such as leadership, communication, and roles.

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Factors or elements that contribute to a certain outcome or condition.

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Bonds between individuals or groups characterized by confidence, reliability, and mutual respect, often fundamental for successful cooperation.

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