The Part of the Variable Overhead Budget Variance Due to the Difference

question 54

Multiple Choice

The part of the variable overhead budget variance due to the difference between actual hours required and standard hours allowed for the work done is called the:

• A) variable overhead spending variance.
• B) variable overhead budget variance.
• C) variable overhead efficiency variance.
• D)variable overhead volume variance.

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Definitions:

Fishery

An area with a naturally occurring population of aquatic species which can be harvested for economic purposes.

Marine Animal

An animal that inhabits the ocean or other marine environments.

User Cost

The economic cost of using a resource today, which considers the lost opportunity of using it in the future.

Energy

The capacity to do work, manifested in physical forms such as heat, light, motion, and chemical energy, crucial to all aspects of life and industry.