Which of the following statements is false? A standard cost is more accurate than a budgeted cost. A standard is a unit amount. In concept, standards and budgets axe essentially the same. The standard cost of a product is equivalent to the budgeted cost per unit of product. What is the overhead volume variance? Actual overhead less overhead budgeted for actual hours Actual overhead loss overhead budgeted tor standard hours allowed Overhead budgeted for actual hours less applied overhead Fixed overhead rate times the difference of normal capacity and standard hours allowed. CDE Company produces 1,000 units of a necessary component with the following costs: COE's Company could avoid $6,000 in fixed overhead costs if it acquires the components externally. If cost minimization is the major consideration and the company would $57,000 $59,000 $61,000 $63,000