The Variance That Captures the Effect of Efficient Use of the Activity

question 36

Multiple Choice

The variance that captures the effect of efficient use of the activity base on the cost of variable overhead is the

• A)Variable overhead spending variance.
• B)Variable overhead efficiency variance.
• C)Variable overhead volume variance.
• D)None of these ans choices are correct.

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Definitions:

Compounded Quarterly

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, done four times a year.

Future Value

An asset or cash's future worth that is equal to a designated sum in the present day.

Savings Plan

A strategic approach to setting aside a portion of one's income for future use or emergencies.

Compounded Monthly

Interest on an investment or loan is calculated and added to the principal amount on a monthly basis.