Question: Overhead cost variances is: The difference between overheads recovered on actual output - actual overhead incurred. (a) (b) (c) (d) The difference between budgeted

Overhead cost variances is: The difference between overheads recovered on actual output - actual overhead

Overhead cost variances is: The difference between overheads recovered on actual output - actual overhead incurred. (a) (b) (c) (d) The difference between budgeted overhead cost and actual overhead cost. Obtained by multiplying standard overhead absorption rate with the difference between standard hours for actual output and actual hours worked. None of the above

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