The total fixed overhead flexible budget variance is equal to the:
A) Sum of the budget and volume variances for fixed overhead
B) Sum of the spending and quantity variances for fixed overhead
C) Budget variance for fixed overhead
D) Difference between actual fixed overhead and the amount applied to production

Question

Quizplus · Accepted Answer

The difference between the actual fixed overhead and the budgeted amount of fixed overhead is equal to the fixed overhead budget variance, which is also equal to the fixed overhead flexible budget variance.

The Total Fixed Overhead Flexible Budget Variance Is Equal to The