The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the:

A.Production variance.B.Quantity variance.C.Volume variance.D.Price variance.E.Controllable variance.

2.

Identify the situation below that will result in a favorable variance. A.Actual revenue is higher than budgeted revenue. B.Actual revenue is lower than budgeted revenue. C.Actual income is lower than expected income. D.Actual costs are higher than budgeted costs. E.Actual expenses are higher than budgeted expenses.

3.Regarding overhead costs, as volume increases: A.Unit fixed cost increases, unit variable cost decreases. B.Unit fixed cost decreases, unit variable cost increases. C.Unit variable cost decreases, unit fixed cost remains constant. D.Unit fixed cost decreases, unit variable cost remains constant. E.Both unit fixed cost and unit variable cost remain constant.