Fixed manufacturing overhead (MOH) volume variance is a measure of utilization of plant facilities during the period and is calculated as follows: Predetermined overhead rate * (Denominator hours - Standard hours allowed) True O False Fixed manufacturing overhead (MOH) volume variance is a measure of utilization of plant facilities during the period and is calculated as follows: Predetermined overhead rate * (Denominator hours - Standard hours allowed) True O False What is a flexible budget? A budget that provides estimates of what revenues and costs should be for any level of activity within a specified range. O A budget that provides estimates of what revenues and costs should be for one level of activity. O A budget that goes to yoga class. O A static budget that changes throughout the year