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.

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Definitions:

Court Of Law

A court in which the only remedies were things of value, such as money. Historically, in England, courts of law were different from courts of equity.

Criminal Proceedings

Judicial processes in which crimes are prosecuted, involving stages such as arrest, charge, trial, and possibly sentencing or appeal.

Recognizance

A legal obligation where an individual promises to do something, such as appear in court, without posting bail.

Bail

The amount of money or conditions set by the court to ensure that an individual accused of a crime will appear for further criminal proceedings. If the accused person provides bail, whether in cash or by means of a bail bond, then the person is released from jail.