Fixed Overhead Expenditure Variance Can Be Expressed As

question 17

Multiple Choice

Fixed overhead expenditure variance can be expressed as:

• A) Actual fixed overhead - budget fixed overhead
• B) Actual fixed overhead/budget fixed overhead
• C) Actual fixed overhead x budget fixed overhead
• D) Budget fixed overhead/actual fixed overhead

---

Definitions:

Writing Requirement

The writing requirement refers to legal stipulations that certain types of agreements or contracts must be documented in written form to be legally valid.

Drawer

A drawer is a person or entity that issues or writes a check or draft, instructing a bank or similar institution to pay a specific amount of money to a designated party.

Drawee

The party on whom a cheque or draft is drawn, responsible for paying the specified amount on the instrument.

Payee

The party in a financial transaction who receives the payment.