The Difference Between Budgeted Fixed Factory Overhead for a Period

question 4

Multiple Choice

The difference between budgeted fixed factory overhead for a period and the amount of the fixed factory overhead applied to production during the period is the:

• A)Fixed factory overhead efficiency variance.
• B)Fixed factory overhead production-volume variance.
• C)Fixed factory overhead spending variance.
• D)Fixed factory overhead sales-volume variance.
• E)Fixed factory overhead flexible budget variance.

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Definitions:

Voltage Drop

The reduction in electrical voltage as it passes through a component or conductor, due to resistance or impedance in the circuit.

Low Current Draw

The condition of an electrical device consuming a relatively small amount of electrical current.

Viscosity

The sheer resistance of a liquid often used to mean oil thickness or resistance to flow.

Ground Circuit

An electrical circuit that uses the earth as a part of its conductive path, enhancing safety by preventing electric shock.