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

---

Definitions:

T Statistic Value

A value derived from a T-test used to determine if there is a significant difference between the means of two groups.

Degrees Of Freedom

The number of independent values or quantities that can vary in the analysis without breaking any constraints.

Obtained Value

The actual value measured or calculated from a statistical test, which is compared against the critical value to draw conclusions.

Test Computation

The process of calculating results from test data, often using statistical methods to analyze the data.