Question

How is the fixed overhead volume variance calculated?

Accepted Answer

A) The difference between the standard fixed overhead rate and the actual fixed overhead rate multiplied by the actual hours used 
B) The difference between the standard fixed overhead costs allocated to production and the budgeted fixed overhead costs 
C) The difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs 
D) The difference between the actual fixed overhead costs incurred and the standard fixed overhead costs allocated 
A) The difference between the standard fixed overhead rate and the actual fixed overhead rate multiplied by the actual hours used 
B) The difference between the standard fixed overhead costs allocated to production and the budgeted fixed overhead costs 
C) The difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs 
D) The difference between the actual fixed overhead costs incurred and the standard fixed overhead costs allocated

How is the fixed overhead volume variance calculated?

Introduction to Managerial Accounting

Building Blocks of Managerial Accounting

Job Costing

Activity-Based Costing, lean Operations, and the Costs of Quality

Process Costing

Cost Behavior

Cost-Volume-Profit Analysis

Relevant Costs for Short-Term Decisions

The Master Budget

Performance Evaluation

Capital Investment Decisions and the Time Value of Money

Statement of Cash Flows

Financial Statement Analysis

Sustainability

Filters

Exam 11: Standard Costs and Variances

How is the fixed overhead volume variance calculated?

Introduction to Managerial Accounting

Building Blocks of Managerial Accounting

Job Costing

Activity-Based Costing, lean Operations, and the Costs of Quality

Process Costing

Cost Behavior

Cost-Volume-Profit Analysis

Relevant Costs for Short-Term Decisions

The Master Budget

Performance Evaluation

Capital Investment Decisions and the Time Value of Money

Statement of Cash Flows

Financial Statement Analysis

Sustainability

Filters