The Fixed Manufacturing Overhead Volume Variance Is More Meaningful Than

question 91

True/False

The fixed manufacturing overhead volume variance is more meaningful than the budget variance for cost control purposes.

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Definitions:

Upper

Refers to the top part or section of an object, opposite to the lower part.

Lower

In dimensional tolerancing, it can refer to the lower limit or boundary of a dimension or value.

Limits of Size

Refers to the maximum and minimum sizes that a part can be manufactured to and still meet specification requirements.

Maximum

The highest allowable value or limit, especially in the context of dimensions, tolerances, or specifications.