The fixed overhead spending variance is normally zero because fixed costs are constant within a relevant range of activity.
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Q8: If a variance is unfavourable, it should
Q9: The total direct labour variance can be
Q10: Calculating variances is a necessary, but not
Q11: The standard cost of direct materials is
Q12: Identifying the reasons for variances is usually
Q14: The variable overhead budget variance is the
Q15: The fixed overhead budget variance can be
Q16: If the total variances in the accounting
Q17: Errors in the accounting records related to
Q18: Variance analysis is used for monitoring and
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