The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the:
A)Production variance.
B)Quantity variance.
C)Volume variance.
D)Price variance.
E)Controllable variance.

Question

Quizplus · Accepted Answer

The controllable variance is the difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget. It reflects the efficiency of managing overhead costs.

The Difference Between Actual Overhead Costs Incurred and the Budgeted