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:

Protein Negative

A test result indicating the absence of proteins in a fluid, commonly referring to urine tests.

PH Of 6

Indicates a slightly acidic substance on the pH scale, which ranges from 0 (highly acidic) to 14 (highly basic or alkaline), with 7 being neutral.

Diuretic

A substance or medication that promotes the increase of urine production, thereby helping to remove excess water and salt from the body.

Antidiuretic

A substance that reduces the production of urine, often used in reference to hormones that help the body retain water.