Which of the Following Variances Would Be Useful in Calling

question 100

Multiple Choice

Which of the following variances would be useful in calling attention to possible problems in the control of spending on overhead items?
$\begin{array}{|l|l|l|}\hline \text { Option } & \begin{array}{l}\text { Variable overhead spending } \\\text { variance }\end{array} & \text { Fixed overhead budget variance } \\\hline \text { A } & \text { No } & \text { No } \\\hline \text { B } & \text { No } & \text { Yes } \\\hline \text { C } & \text { Yes } & \text { No } \\\hline \text { D } & \text { Yes } & \text { Yes } \\\hline\end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

---

Definitions:

Significance Level

The probability threshold below which a null hypothesis is rejected in hypothesis testing, often denoted by alpha (α).

Obtained Value

The result or outcome achieved from a calculation or experiment.

P Value

A statistical measure that indicates the probability of the observed data occurring under a specific hypothesis.