QUESTION 8 In which of the following situations will the overhead volume variance be favorable? O When more units are produced than were originally planned O When actual overhead costs are less than the flexible budget When the predetermined overhead rate was set too low When there are units remaining in ending inventory QUESTION 9 Which of the following values is used in the calculations for both the controllable overh variance and the overhead volume variance? Overhead applied to production using the predetermined overhead rate Flexible budget level of overhead for the actual level of production Actual overhead incurred None of these answer choices are used in both calculations. QUESTION 12 For what reason(s) might the overhead volume variance occur? L. Overhead cost control is poor. II. The actual activity level was less than estimated. III. The expected production level was greater than budgeted. O Tandil O ll and I OT and I O1, I, and