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.

---

Definitions:

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically featuring fixed terms, including interest payments and future repayment of principal.

Preferred Stocks

Shares of stock that have priority over common stock in terms of dividend payments and assets in the event of a liquidation.

Corporate Bonds

Debt securities issued by corporations to finance operations, acquisitions, or other capital requirements, which obligate the issuer to pay interest and repay the principal at maturity.

Accounting Methods

The specific rules and procedures adopted by a business for reporting income and expenses.