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

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Definitions:

Representation

The act of speaking or acting on behalf of someone or the depiction of an idea, concept, or individual in a particular way.

Authoritarian

A governing or political system concentrated around a leader or a small elite that does not allow political pluralism, expects absolute obedience, and often restricts individual freedoms.

Totalitarianism

Totalitarianism is a political system where the state recognizes no limits to its authority and seeks to control every aspect of public and private life.

Authoritarianism

A system of government by and for a small number of elites that does not include representation of ordinary citizens.