In analyzing manufacturing overhead variances,the volume variance is the difference between the
A) amount shown in the flexible budget and the amount shown in the debit side of the overhead control account.
B) predetermined overhead application rate and the flexible budget application rate times actual hours worked.
C) budget allowance based on standard hours allowed for actual production for the period and the amount budgeted to be applied during the period.
D) actual amount spent for overhead items during the period and the overhead amount applied to production during the perioD.
Correct Answer:
Verified
Q97: Management would generally expect unfavorable variances
Q98: The sum of the material price variance
Q99: Standard costs may be used for
A)product costing.
B)planning.
C)controlling.
D)all
Q100: The material price variance (computed at point
Q101: A company may set predetermined overhead rates
Q103: The fixed overhead application rate is a
Q104: A company has a favorable variable
Q105: An unfavorable fixed overhead volume variance is
Q106: The variancemost useful in evaluating plant utilization
Q107: Fixed overhead costs are
A)best controlled on a
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