Which of the following statements about overhead variances is false?
A) Standard hours allowed are used in calculating the spending variance.
B) Standard hours allowed are used in calculating the volume variance.
C) The spending variance pertains solely to fixed costs.
D) The total overhead variance pertains to both variable and fixed costs.
Correct Answer:
Verified
Q61: An overhead fixed volume variance is calculated
Q62: If the standard hours allowed are less
Q85: The difference between actual overhead costs and
Q85: Which of the following could cause a
Q87: The fixed overhead spending variance is calculated
Q90: The costing of inventories at standard cost
Q91: The budgeted overhead costs for standard hours
Q93: Each of the following may cause an
Q99: Variance reports are
A)external financial reports.
B)Revenue Canada tax
Q173: The overhead volume variance relates only to
A)
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