Which of the following variances is sometimes referred to as the capacity variance?

Select one:

A$.$ Fixed overhead volume variance

B$.$ Total fixed overhead flexible budget variance

C$.$ Total variable overhead flexible budget variance

D$.$ Fixed overhead budget variance

The total fixed overhead flexible budget variance is equal to the

Select one:

A$.$ sum of the budget and volume variances for fixed overhead.

B$.$ budget variance for fixed overhead.

C$.$ difference between actual fixed overhead and the amount applied to production.

D$.$ sum of the spending and quantity variances for fixed overhead.

Which of the following types of costs are classified as period costs under absorption costing, but not under variable costing?

Select one:

A$.$ All non$-$manufacturing costs

B$.$ Only fixed non$-$manufacturing costs

C$.$ The cost of purchasing long$-$lived assets for use in manufacturing

D$.$ None of the above