How Is the Fixed Overhead Volume Variance Calculated

question 118

Multiple Choice

How is the fixed overhead volume variance calculated?

• A)The difference between the standard fixed overhead rate and the actual fixed overhead rate multiplied by the actual hours used
• B)The difference between the standard fixed overhead costs allocated and the budgeted fixed overhead costs
• C)The difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs
• D)The difference between the actual fixed overhead costs incurred and the standard fixed overhead costs allocated

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Definitions:

Antitrust Laws

Regulations that aim to protect trade and commerce from abusive practices like monopoly, price fixing, and market allocation.

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Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Antitrust Laws

Legislation designed to promote competition and restrict monopolies by regulating anti-competitive practices.