The actual cost of variable overhead is determined by multiplying the actual driver usage by the actual variable cost rate.
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Q13: Unlike direct materials, the sum of all
Q14: A negative direct labor efficiency variance is
Q15: For direct labor, if the efficiency and
Q16: The total number of hours worked by
Q17: The calculations for variable overhead variances are
Q19: The standard cost of variable overhead is
Q20: The actual cost of variable overhead is
Q21: Sometimes a firm may allocate a portion
Q22: When an unfavorable variance occurs, it normally
Q23: Even when a variance occurs, inventory is
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