The Total Fixed Overhead Variance Is Obtained by Summing Up

question 136

True/False

The total fixed overhead variance is obtained by summing up variable overhead cost variance and fixed overhead volume variance.

---

Definitions:

Stopwatch Time Study

A method of work measurement used to establish standard times for activities by observing and timing tasks using a stopwatch.

Simultaneous Motion Study

A technique in industrial engineering where tasks are analyzed in detail to identify and minimize wasted motions, enhancing efficiency.

Predetermined Time Standards

Established benchmarks for the time required to complete specific tasks, used for planning and evaluating productivity.

Performance Ratings

Evaluations of an individual's or entity's achievements or output against predefined standards or objectives.