The Total Variable Overhead Variance Is Obtained by Adding Variable

question 17

Multiple Choice

The total variable overhead variance is obtained by adding variable overhead cost variance and ________.

• A) total manufacturing overhead variance
• B) total direct labor variance
• C) fixed overhead cost variance
• D) variable overhead efficiency variance

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Definitions:

Performance Expectations

The standards or objectives set by an organization or manager to define what is considered successful performance for employees in their roles.

Management by Objectives (MBO)

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Absolute Standard

A fixed criterion of performance against which actual outcomes or performances are measured, without adjustments for external factors.

Input-Based Format

A system or method that focuses on the resources or efforts put into a task or project, rather than the outcomes or results.