The variance from standard for factory overhead cost resulting from operating at a level above or below 100% of normal capacity is termed volume variance.

Name: The variance from standard for factory overhead cost resulting from operating at a level above or below 100% of normal capacity is termed volume variance.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Volume variance refers to the difference in factory overhead cost that results from operating at a level above or below 100% of normal capacity.

The Variance from Standard for Factory Overhead Cost Resulting from Operating