Multiple Choice
General Ltd. budgeted fixed overhead costs of $25,000 per quarter and 1,000 units per quarter in its normal absorption costing system. Any volume variance is carried forward and closed at year end. The company experienced the following activity: The volume variance for the year was
A) -0-
B) Favorable
C) Unfavorable
D) Cannot be determined
Correct Answer:
Verified
Correct Answer:
Verified
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