MCQOPTIONS
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| 1. |
The formula for calculating the variable overhead total variance is: |
| A. | (Standard hours less actual hours) x variable overhead absorption rate |
| B. | Actual variable overhead less (actual hours x actual hours worked x variable overhead absorption rate) |
| C. | Actual variable overhead expenditure less budgeted variable overhead expenditure |
| D. | Actual variable overhead less (standard hours x actual production x variable overhead absorption rate) |
| Answer» C. Actual variable overhead expenditure less budgeted variable overhead expenditure | |