Which of the following statements is false?
A) The overhead volume variance indicates whether plant facilities were used efficiently during the period.
B) The costs that cause the overhead volume variance are usually controllable costs.
C) The overhead volume variance relates solely to fixed costs.
D) The overhead volume variance is favourable if standard hours allowed for output are greater than the standard hours at normal capacity.
Correct Answer:
Verified
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Q81: If the standard hours allowed are less
Q85: Which of the following could cause a
Q85: The difference between actual overhead costs and
Q87: The fixed overhead spending variance is calculated
Q88: All of the following variances are reported
Q99: Variance reports are
A)external financial reports.
B)Revenue Canada tax
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