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Write a substantive post (2 3 paragraphs) that answers the following questions: What 4 variances comprise the 'under' or 'over' applied overhead? If factory overhead
Write a substantive post (2 3 paragraphs) that answers the following questions:
- What 4 variances comprise the 'under' or 'over' applied overhead?
- If factory overhead is over-applied for the period, would you expect the total of the overhead variances to be favorable or unfavorable?
- Why is the term overhead efficiency variance a misnomer?
- Under what circumstances would you expect the volume variance to be favorable? Under what circumstances would you expect it to be unfavorable?
- Does the volume variance measure deviations in spending for fixed overhead spending?
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