The Total Fixed Overhead Variance Is Calculated by the Following

question 48

Multiple Choice

The total fixed overhead variance is calculated by the following formula:

• A) Total actual overhead − Total applied overhead
• B) Actual Fixed Overhead - (Standard Overhead Rate × Standard Hours Allowed)
• C) Actual Fixed Overhead − (Standard Fixed Overhead Rate × Standard Hours Allowed)
• D) Actual Fixed Overhead − (Standard Fixed Overhead Rate × Actual Direct Labor Hours)
• E) (Total actual overhead − Standard Fixed Overhead Rate) × Standard Hours Allowed