If a Company Uses a Two-Variance Analysis for Overhead Variances

question 55

Multiple Choice

If a company uses a two-variance analysis for overhead variances and uses a predetermined rate for absorbing manufacturing overhead,the production-volume variance is the:

• A)Underapplied or overapplied variable cost element of overhead.
• B)Underapplied or overapplied fixed cost element of overhead.
• C)Difference in budgeted costs and actual costs of fixed overhead items.
• D)Difference in budgeted costs and actual costs of variable overhead items.

---

Definitions:

United States

A country located in North America, consisting of 50 states, a federal district, and several territories, known for its diverse landscapes and populous cities.

Scores

Quantitative measurements or values used to compare and assess the performance or condition of individuals or objects in various contexts.

Public Education System

The public education system is a government-funded education system aimed at providing free and accessible education to all children within a specific jurisdiction.

Neuropsychological Assessment

The evaluation of brain and nervous system functions using a battery of standardized tests that measure a person's cognitive, motor, behavioral, and language skills.