The overhead volume variance relates only to fixed overhead costs.

Name: The overhead volume variance relates only to fixed overhead costs.
Brand: Quizplus
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Quizplus · Accepted Answer

The overhead volume variance is calculated as the difference between the actual overhead costs and the budgeted overhead costs at the actual level of activity. Fixed overhead costs are those that do not change with the level of activity, so the overhead volume variance is only related to fixed overhead costs.

The Overhead Volume Variance Relates Only to Fixed Overhead Costs