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

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

A company has budgeted total overhead of $10,575 at actual units produced and actual total overhead of $9,775. The controllable variance is:Multiple choice question.$800 U$800 F

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).

Overhead costs are assigned to production using an overhead application rate, whereas no such "application rate" is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that:Multiple ChoiceOverhead is an indirect cost which cannot be traced easily and directly to specific units of product.Overhead is always larger in dollar amount than either direct materials or direct labor.The amounts of direct material and direct labor applicable to each unit of production cannot be determined as easily as the amount of overhead.Overhead is always equal to a constant percentage of direct labor costs.