The Fixed Overhead Volume Variance Is Calculated by Taking the Difference

question 20

Multiple Choice

The fixed overhead volume variance is calculated by taking the difference between:

• A) actual fixed overhead and budgeted fixed overhead.
• B) budgeted fixed overhead and budgeted variable overhead.
• C) budgeted fixed overhead and applied fixed overhead.
• D) budgeted fixed overhead per the flexible budget and budgeted fixed overhead per the static budget.