Multiple Choice
The fixed overhead application rate is a function of a predetermined "normal" activity level. If standard hours allowed for good output equal this "normal" activity level for a given period, the volume variance will be:
A) Zero.
B) Favorable.
C) Unfavorable.
D) Either favorable or unfavorable depending on the budgeted overhead.
Correct Answer:
Verified
Correct Answer:
Verified
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