The Fixed Overhead Volume Variance Is a Volume Variance,not a Cost

question 128

True/False

The fixed overhead volume variance is a volume variance,not a cost variance.

---

Definitions:

Pentagon Papers

A classified report that detailed U.S. government involvement in Vietnam from 1945 to 1967, leaked to the public in 1971, revealing previously undisclosed details about the conflict.

Defense Department

The part of the United States federal government responsible for coordinating and supervising all agencies and functions concerning national security and the military.

Leak

The release of confidential or secret information to the public, often by an anonymous source.

Fairness Doctrine

A policy by the Federal Communications Commission that required broadcasters to present contrasting viewpoints on controversial issues of public importance, abolished in 1987.