The formula to compute the overhead volume variance is: (a) Fixed overhead rate x (Standard hours -
Question:
The formula to compute the overhead volume variance is:
(a) Fixed overhead rate x (Standard hours - Actual hours).
(b) Fixed overhead rate x (Normal capacity hours - Actual hours).
(c) Fixed overhead rate x (Normal capacity hours - Standard hours allowed).
(d) (Variable overhead rate + Fixed overhead rate) x (Normal capacity hours - Standard hours allowed).
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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