The difference between the standard variable overhead cost for the actual inputs of the measurement base and the flexible budget cost allowed for variable overhead based on outputs is known as the:
A) Variable overhead spending variance
B) Variable overhead efficiency variance
C) Fixed overhead budget variance
D) Fixed overhead volume variance

Question

Quizplus · Accepted Answer

The variable overhead variance is a measure of the efficiency of the variable overhead activity base.

The Difference Between the Standard Variable Overhead Cost for the Actual