Fixed overhead does not have separate price and quantity variances.The model used to analyze variable costs does not apply to fixed overhead,so the fixed overhead spending variance cannot be broken down into price and quantity variances.
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Q7: The flexible budget can be used as
Q8: The variable overhead rate variance is the
Q9: The price variance for direct labor is
Q10: When preparing a flexible budget,fixed costs should
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Q13: The production manager is typically responsible for
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