A company uses a two-variance analysis for overhead variances, controllable and volume. The volume variance is the difference between the factory overhead applied at standard and:

Question

Quizplus · Accepted Answer

The volume variance is the difference between the factory overhead per the flexible budget (standard overhead budgeted for actual level of production) and the factory overhead applied at standard.

A Company Uses a Two-Variance Analysis for Overhead Variances, Controllable