The fixed overhead volume variance is a volume variance,not a cost variance.

Name: The fixed overhead volume variance is a volume variance,not a cost variance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The fixed overhead volume variance measures the difference between the budgeted fixed overhead cost and the actual fixed overhead cost based on the standard number of units of production. It is not a cost variance, but a variance that arises as a result of changes in the level of production or activity. Therefore, the statement is true.

The Fixed Overhead Volume Variance Is a Volume Variance,not a Cost