The ________ is the difference between total actual overhead costs and the flexible budget amount for overhead costs for actual production.

Question

Quizplus · Accepted Answer

The overhead flexible budget variance is the difference between the actual overhead costs and the flexible budget amount for overhead costs for actual production. The production volume variance is the difference between the flexible budget amount and the static budget amount, while the overhead efficiency variance is the difference between the actual quantity of the allocation base and the standard quantity of the allocation base for the actual level of production. Therefore, the correct answer is B.

The ________ Is the Difference Between Total Actual Overhead Costs