Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The fixed manufacturing sales-volume variance is rarely zero.
B) The difference between the allocated and the budgeted overhead is the production-volume variance.
C) The production-volume variance arises for both fixed and variable costs.
D) The fixed manufacturing overhead sales-volume variance can be written-off to cost of goods sold.
E) The production-volume variance arises only for variable costs.