Multiple Choice
Which of the following is the correct mathematical expression is used to calculate variable overhead efficiency variance?
A) (Actual rate ? Budgeted rate) × Budgeted quantity
B) (Actual quantity × Budgeted rate) - (Budgeted input quantity allowed for actual output × Budgeted rate)
C) (Actual quantity ÷ Budgeted rate) ? (Budgeted quantity ÷ Budgeted rate)
D) (Actual quantity ÷ Budgeted rate) × Budgeted quantity allowed for actual output
Correct Answer:
Verified
Correct Answer:
Verified
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