An overhead cost variance is the difference between the total overhead actually incurred for the period and the standard overhead applied to products.

Name: An overhead cost variance is the difference between the total overhead actually incurred for the period and the standard overhead applied to products.
Brand: Quizplus
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Quizplus · Accepted Answer

This statement is true. Overhead cost variance is calculated by subtracting the actual overhead costs incurred from the standard overhead costs applied to products.

An Overhead Cost Variance Is the Difference Between the Total