Multiple Choice
How is the variable overhead rate variance calculated?
A) The difference between the actual overhead rate and the standard overhead rate multiplied by the actual hours
B) The difference between the actual overhead rate and the standard overhead rate multiplied by the standard hours allowed
C) The difference between the standard hours allowed and the actual hours used multiplied by the standard overhead rate
D) The difference between the standard hours allowed and the actual hours used multiplied by the actual overhead rate
Correct Answer:
Verified
Correct Answer:
Verified
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