16-18 True and False and why

15) Research and write three paragraphs on 1 Budgetary success story of a publicly traded company

16) A volume variance and budget variance are computed for fixed manufacturing overhead costs.

17) The higher the denominator activity level used to compute the predetermined overhead rate, the higher the predetermined overhead rate.

18) A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours. A fixed manufacturing overhead volume variance will necessarily occur in a month in which the fixed manufacturing overhead applied to units of product on the basis of standard hours allowed differs from the budgeted fixed manufacturing overhead.