The Difference Between Budgeted Fixed Manufacturing Overhead and the Fixed

question 99

Multiple Choice

The difference between budgeted fixed manufacturing overhead and the fixed manufacturing overhead allocated to actual output units achieved is called

• A)an efficiency variance.
• B)a flexible-budget variance.
• C)a manufacturing overhead flexible-budget variance.
• D)a production-volume overhead variance.
• E)an unallocated variable cost.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Median

The middle value in a dataset when ordered from smallest to largest, serving as a measure of central tendency.

Mode

The value that appears most frequently in a data set, a measure of central tendency.

College Student

A person who is enrolled in an institution of higher education to pursue a degree or certificate.