How Is the Variable Overhead Rate Variance Calculated

question 83

Multiple Choice

How is the variable overhead rate variance calculated?

• A)The difference between the actual overhead rate and the standard overhead rate multiplied by the actual hours
• B)The difference between the actual overhead rate and the standard overhead rate multiplied by the standard hours allowed
• C)The difference between the standard hours allowed and the actual hours used multiplied by the standard overhead rate
• D)The difference between the standard hours allowed and the actual hours used multiplied by the actual overhead rate

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Definitions:

Equal Chance

The principle of providing everyone with the same opportunity without discrimination or preference.

Population

The total number of people living in a particular area, country, or the world, or a specific group of individuals within a larger community.

Randomly

Without a specific pattern, purpose, or objective; happening by chance.

Without Bias

an approach or stance that is impartial, fair, and not influenced by personal or societal prejudices.