Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false.
The difference between the actual fixed costs and budgeted fixed costs is the spending variance.______
For fixed costs,there is no flexible budget variance.______
Companies generally do not calculate a volume variance for fixed overhead costs.______
The volume variance is the difference between budgeted fixed cost and the applied fixed cost for the period.______
If the amount of fixed overhead applied to production is greater than the budgeted fixed overhead,the result is an unfavorable overhead volume variance.______