The Fixed Manufacturing Overhead Budget Variance Equals

question 62

Multiple Choice

The fixed manufacturing overhead budget variance equals:

• A)Actual fixed manufacturing overhead cost - Applied fixed manufacturing overhead cost.
• B)Actual fixed manufacturing overhead cost - Budgeted fixed manufacturing overhead cost.
• C)Budgeted fixed manufacturing overhead cost - Applied fixed manufacturing overhead cost.
• D)Actual fixed manufacturing overhead cost - (Actual hours × Standard fixed manufacturing overhead rate).

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Definitions:

Single-use Plan

A specific plan aimed at achieving a particular goal or solving a singular problem, not intended for repeated use.

Operational Plans

Detailed plans developed to implement strategic initiatives at a tactical level, focusing on short-term actions and resources.

Strategic Plans

Detailed, carefully crafted outlines of how an organization intends to achieve its long-term goals and objectives.

Single-use Plans

Plans devised for a specific situation or project and intended to be used only once, not applicable to recurring situations.