The Difference Between the Total Factory Overhead Cost in the Flexible

question 163

Multiple Choice

The difference between the total factory overhead cost in the flexible budget for the actual units produced and the amount of factory overhead cost applied to products using the standard overhead rate is called the factory overhead ________:

• A) Flexible-budget variance
• B) Production-volume variance
• C) Total fixed cost variance
• D) Efficiency variance
• E) Controllable variance

---

Definitions:

Employee Benefits

Non-wage compensation provided to employees in addition to their normal wages or salaries, such as health insurance, pensions, and paid vacations.

Wage Rate

The amount of money paid to an employee per unit of time, usually expressed per hour or per year.

Wage Disparity

The difference in wages earned by different groups of people, often highlighted by gaps across genders, ethnicities, or education levels.

Ability And Talent

The skills and natural aptitudes individuals possess, which can affect their performance in various activities or professions.