________ is the difference between actual quantity of the cost-allocation base used and budgeted quantity of the cost-allocation base that should have been used to produce actual output,multiplied by budgeted variable overhead cost per unit of the cost-allocation base.

Question

Quizplus · Accepted Answer

This formula represents the variable overhead efficiency variance, which measures the difference between the actual amount of the cost-allocation base used (such as direct labor hours) and the budgeted amount of the cost-allocation base that should have been used, multiplied by the budgeted variable overhead cost per unit. The variance indicates whether more or less of the cost-allocation base was used than expected to produce the actual output, and can help identify potential inefficiencies or improvements in the production process.

________ Is the Difference Between Actual Quantity of the Cost-Allocation