The Variable Overhead Spending Variance Is Calculated as

question 36

Multiple Choice

The variable overhead spending variance is calculated as

• A)Actual cost - actual quantity x standard price.
• B)Actual cost - standard quantity x standard price.
• C)Standard cost - actual quantity x actual price.
• D)Actual results minus flexible budget amount.

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Definitions:

Absolute Value

A mathematical function that measures the distance of a number from zero on the number line, denoted as |x|, regardless of direction.

Evaluate

To calculate the value of an expression by substituting the values of the variables and performing the operations.

Algebraic Expression

A combination of numbers, variables, and arithmetic operations that represents a mathematical phrase.

Simplify

The process of making an expression easier to understand by reducing it to its most basic form.