The Volume Variance Is Calculated as

question 50

Multiple Choice

The volume variance is calculated as

• A) Difference between estimated fixed overhead costs and allocated fixed overhead costs
• B) Sum of estimated fixed overhead costs and allocated fixed overhead costs
• C) Difference between estimated fixed overhead costs and actual fixed overhead costs
• D) Difference between actual fixed overhead costs and allocated fixed overhead costs

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Definitions:

Unreliability

The characteristic of being not reliable or dependable, often resulting in unpredictability and inconsistency.

Undercounting

The act of recording less than the actual number or amount, often referring to the miscounting of populations in censuses or surveys.

Variable

A characteristic, number, or quantity that can be measured or counted and can vary from one entity or situation to another.

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.