The difference between applied and budgeted fixed overhead is the_____.
A)production-volume variance
B)price variance
C)quality variance
D)feedback variance

Question

Quizplus · Accepted Answer

Applied fixed overhead is the amount of overhead assigned to a product based on the predetermined overhead rate, while budgeted fixed overhead is the amount of overhead that was budgeted for a particular period. The difference between the two is known as the production-volume variance, as it is caused by the difference between the actual level of production and the budgeted level.

The Difference Between Applied and Budgeted Fixed Overhead Is The_____