The overhead spending variance contains price but not quantity elements.

Name: The overhead spending variance contains price but not quantity elements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The overhead spending variance typically includes both price (rate) and quantity (efficiency) elements, as it measures the difference between the actual overhead costs incurred and the expected (or budgeted) overhead costs based on standard rates and quantities.

The Overhead Spending Variance Contains Price but Not Quantity Elements