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Which of the following statements about fixed overhead variances is correct? A ) Fixed overhead variances consist of a budget variance and an efficiency variance.

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Which of the following statements about fixed overhead variances is correct?
A) Fixed overhead variances consist of a budget variance and an efficiency variance.
B) The budget variance is a measure of facility utilization.
C) The volume variance represents the difference between the actual fixed overhead cost incurred during a period and the original budgeted fixed overhead cost.
D) A favorable volume variance means that a firm's production facilities were over-utilized by producing more units of products than budgeted.
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