Fixed Overhead Volume Variance Is a Flexible Budget Variance

question 148

True/False

Fixed overhead volume variance is a flexible budget variance.

---

Definitions:

Adaptability

The ability to adjust to new conditions or environments, demonstrating flexibility and resilience.

Cognition

Gaining understanding and knowledge through the processes of thought, life experiences, and sensory engagement.

Conditioning

A method of altering behavior in which an individual learns to connect a previously neutral stimulus with a behavior they want to adopt.

Association

The process by which the mind links ideas, objects, or sensations together in the memory or imagination.