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If a company uses a predetermined rate for absorbing manufacturing overhead, the volume variance is the: a. Underapplied or overapplied variable cost element of overhead.
If a company uses a predetermined rate for absorbing manufacturing overhead, the volume variance is the:
a. Underapplied or overapplied variable cost element of overhead. |
b. Underapplied or overapplied fixed cost element of overhead. |
c. Difference in budgeted costs and actual costs of fixed overhead items. |
d. Difference in budgeted costs and actual costs of variable overhead items. |
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