How Is the Fixed Overhead Budget Variance Calculated

question 105

Multiple Choice

How is the fixed overhead budget 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 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:

Vertebrae

The individual bones that stack to form the vertebral column (spine) in vertebrates.

Long Bones

Bones that are longer than they are wide, playing a crucial role in supporting the weight of the body and facilitating movement; examples include the femur and humerus.

Femur

The longest and strongest bone in the human body, forming the thigh.

Scoliosis

A medical condition in which a person's spine has a sideways curve, usually shaped like an "S" or "C".