Which of the Following Is Not an Overhead Variance

question 39

Multiple Choice

Which of the following is not an overhead variance?

• A) Variable-overhead spending variance.
• B) Variable-overhead efficiency variance.
• C) Fixed-overhead efficiency variance.
• D) Fixed-overhead budget variance.
• E) Fixed-overhead volume variance.

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Definitions:

Opportunity Cost

The price paid for not choosing the next most favorable option when deciding or picking between different possibilities.

Term Deposit

A bank deposit with a fixed term and typically a fixed rate of interest, where withdrawal can only occur after the term ends without penalty.

Holding Cash

The practice of keeping money in the form of physical currency as a store of value or for transactions.

Money Demand Curve

A graphical representation showing the relationship between the quantity of money people want to hold and the interest rate, under the assumption that all other determinants of demand are unchanged.