A volume variance and budget variance are computed for fixed manufacturing overhead costs.

Name: A volume variance and budget variance are computed for fixed manufacturing overhead costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both volume variance and budget variance can be computed for fixed manufacturing overhead costs. Volume variance arises when the actual production volume differs from the budgeted volume, while budget variance arises due to differences between the actual and budgeted amounts of fixed overhead costs.

A Volume Variance and Budget Variance Are Computed for Fixed