The Fixed Overhead Volume Variance Is a Volume Variance,not a Cost

question 128

True/False

The fixed overhead volume variance is a volume variance,not a cost variance.

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Definitions:

Financial Reports

Formal records of the financial activities and position of a business, individual, or other entity.

Comparability

A quality that enables users to identify similarities and differences between two or more items of financial information.

Financial Reports

Detailed statements that provide information on a company's financial performance and position over a specific period.

Stockholders' Equity

The interest left in a corporation's assets, after removing its obligations, which indicates the ownership share.