Which Is Incorrect

question 14

Multiple Choice

Which is incorrect?

• A)The highest bar in a bar graph shows the category with greatest frequency
• B)A bar graph is the same as a line graph
• C)Circle graphs have sectors based on categories
• D)A circle graph is based on 360°
• E)None of these

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Definitions:

Variable Overhead Rate

A metric that represents the variable costs incurred to operate a business, changing with the level of production or activity.

Fixed Overhead Rate

A set rate used to allocate fixed indirect costs of production to individual units or activity bases.

Total Overhead Variance

The difference between the actual overhead costs incurred and the standard overhead costs allocated for a particular period, used for budgeting and cost control purposes.

Overhead Controllable Variance

The difference between actual overhead expenses incurred and the budgeted or expected overhead costs that can be managed or controlled.