A fixed manufacturing overhead variance caused by the difference between the actual fixed overhead expenditures and the fixed overhead that was budgeted for the period is called:Multiple choice question.a volume variancea spending variancea budget variancean efficiency variance

The difference between actual overhead costs incurred and the budgeted (flexible) total overhead at actual units produced is the:Multiple ChoiceVolume variance.Price variance.Quantity variance.Production variance.Controllable variance.

The fixed manufacturing overhead budget variance equals:Multiple ChoiceActual fixed manufacturing overhead cost − Applied fixed manufacturing overhead cost.Actual fixed manufacturing overhead cost − Budgeted fixed manufacturing overhead cost.CorrectBudgeted fixed manufacturing overhead cost − Applied fixed manufacturing overhead cost.IncorrectActual fixed manufacturing overhead cost − (Actual hours × Standard fixed manufacturing overhead rate).

Multiple Choice QuestionThe overhead variance is the difference between:Multiple choice question.budgeted overhead and standard overhead appliedactual total overhead and the standard overhead appliedactual total overhead and the standard overhead budgeted

Multiple Choice QuestionThe controllable variance is the difference between the actual total overhead and:Multiple choice question.applied overhead based on a flexible budgetbudgeted overhead based on a flexible budgetbudgeted overhead based on the master budgetapplied overhead based on the master budget

Multiple Choice QuestionThe volume variance is computed as:Multiple choice question.the difference between budgeted overhead and standard overhead appliedthe addition of budgeted overhead and standard overhead appliedthe difference between budgeted overhead and actual total overhead