The Fixed Overhead Volume Variance Is a Measure of

question 198

Multiple Choice

The fixed overhead volume variance is a measure of

• A) the cost of overspending on fixed overhead items.
• B) the effect of the actual output differing from the output used to calculate the predetermined fixed overhead rate.
• C) the cost of unused activity capacity acquired.
• D) both the cost of overspending on fixed overhead items and the effect of the actual output differing from the output used to calculate predetermined fixed overhead rate.
• E) both the effect of the actual output differing from the output used to calculate the predetermined fixed overhead rate and the cost of unused activity capacity.

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Definitions:

Crosstab Wizard

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Create Tab

An interface element in various software applications that provides users with options to generate new files, projects, or elements within the program.

Calculated Field

A data field that performs a calculation using values from other fields within a database or spreadsheet.

Shortcut Menu

A Shortcut Menu is a context-sensitive menu that appears upon right-clicking in an application, offering quick access to frequently used functions relevant to the current context.