Under the Two-Variance Approach,the Volume Variance Is Computed by Subtracting

question 69

Multiple Choice

Under the two-variance approach,the volume variance is computed by subtracting ____ based on standard input allowed for the production achieved from budgeted overhead.

• A)applied overhead
• B)actual overhead
• C)budgeted fixed overhead plus actual variable overhead
• D)budgeted variable overhead

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Definitions:

Procurement

The process of obtaining goods or services, often involving tendering or bidding, to fulfill organizational needs.

Functional Strategies

Specific strategies targeting the operations and objectives within a particular business function, such as marketing, finance, or production.

Competitive Strategy

A long-term plan formed by a company to gain an advantageous position over its competitors, typically involving efforts to offer unique value to customers.

Intercompany Scope

The extent of activities, transactions, and engagements that take place between different entities within the same corporate group or parent company.