Total actual overhead minus total budgeted overhead at the actual input production level equals the
A)variable overhead spending variance.
B)total overhead efficiency variance.
C)total overhead spending variance.
D)total overhead volume variance.

Question

Quizplus · Accepted Answer

The total actual overhead minus total budgeted overhead at the actual input production level equals the total overhead spending variance. This variance measures the difference between what was actually spent on overhead and what was expected to be spent, based on the budgeted rates and actual production levels.

Total Actual Overhead Minus Total Budgeted Overhead at the Actual