In Analyzing Manufacturing Overhead Variances,the Volume Variance Is the Difference

question 191

Multiple Choice

In analyzing manufacturing overhead variances,the volume variance is the difference between the

• A)amount shown in the flexible budget and the amount shown in the debit side of the overhead control account.
• B)predetermined overhead application rate and the flexible budget application rate times actual hours worked.
• C)budget allowance based on standard hours allowed for actual production for the period and the amount budgeted to be applied during the period.
• D)actual amount spent for overhead items during the period and the overhead amount applied to production during the perioD.

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Definitions:

Chesapeake Affair

An 1807 incident between the British warship HMS Leopard and the American frigate USS Chesapeake, leading to heightened tensions between Britain and the United States.

Non-Importation Act

Legislation passed by various American colonies in the 1760s and 1770s to protest British policies by refusing to import British goods.

War Of 1812

The War of 1812 was a military conflict fought between the United States and Britain from 1812 to 1815, primarily over British restrictions on U.S. trade and America's desire to expand its territory.

Impressment

The act of forcibly taking men into a navy or military service without notice, often practiced by the British Navy against American sailors in the early 19th century.