Multiple Choice
The formula for computing the overhead volume variance is
A) fixed overhead rate times (actual hours less standard hours allowed) .
B) variable overhead rate times (actual hours less standard hours allowed) .
C) fixed overhead rate times (normal capacity hours less standard hours allowed) .
D) variable overhead rate times (normal capacity hours less standard hours allowed) .
Correct Answer:
Verified
Correct Answer:
Verified
Q146: Variances from standards are<br>A) expressed in total
Q147: A company purchases 12000 pounds of materials.
Q148: Oxnard Industries produces a product that requires
Q149: A total materials variance is analyzed in
Q150: The overhead controllable variance is the difference
Q152: The per-unit standards for direct materials are
Q153: Match the items below.
Q154: Flagstaff Inc. uses standard costing for its
Q155: An advantage of standard costs is that
Q156: A standard cost is<br>A) a cost which