Which of the following statements is TRUE?

Select one:

A. The difference between the allocated and the budgeted overhead is the production-volume variance.

B. The production-volume variance arises for both fixed and variable costs.

C. The fixed manufacturing overhead sales-volume variance can be written-off to cost of goods sold.

D. The production-volume variance arises only for variable costs.

E. The fixed manufacturing sales-volume variance is rarely zero.