is (are) computed for fixed overhead.

Question

Quizplus · Accepted Answer

Production- volume variance measures the difference between the actual overhead incurred and the overhead that would have been incurred at the actual level of activity if the flexible budget had been used. Flexible- budget variance measures the difference between the overhead that would have been incurred at the actual level of activity if the flexible budget had been used and the overhead that would have been incurred at the budgeted level of activity if the flexible budget had been used.

Is (Are) Computed for Fixed Overhead