How Is the Fixed Overhead Volume Variance Calculated

question 75

Multiple Choice

How is the fixed overhead volume variance calculated?

• A)The difference between the standard fixed overhead rate and the actual fixed overhead rate multiplied by the actual hours used
• B)The difference between the standard fixed overhead costs allocated to production and the budgeted fixed overhead costs
• C)The difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs
• D)The difference between the actual fixed overhead costs incurred and the standard fixed overhead costs allocated

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Definitions:

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An event or factor outside the body that influences an individual's physiological or psychological response.