The Difference Between Actual Variable Overhead and Budgeted Variable Overhead

question 85

True/False

The difference between actual variable overhead and budgeted variable overhead based upon actual hours is referred to as the variable overhead efficiency variance.

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Definitions:

CMOS

Complementary Metal-Oxide-Semiconductor, a technology used for constructing integrated circuits including microprocessors, batteries, and digital camera sensors.

EPROM

A type of memory chip that is erasable and reprogrammable using ultraviolet light.

VRAM

Stands for Video Random Access Memory, a type of memory used to store image data that a computer display will use to render graphics efficiently.

RAM

Random Access Memory, a form of computer memory that can be accessed randomly, used for storing the operating system, applications, and data currently in use for quick access by the device's processor.