The variable overhead rate variance is the difference between the actual variable overhead rate and the standard variable overhead rate multiplied by the actual value of the cost driver.

Name: The variable overhead rate variance is the difference between the actual variable overhead rate and the standard variable overhead rate multiplied by the actual value of the cost driver.
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Question

Quizplus · Accepted Answer

This is the formula for calculating the variable overhead rate variance.

The Variable Overhead Rate Variance Is the Difference Between the Actual