TB MC Qu$.15-42($Static$)$ Which of the following statements about $...$

Which of the following statements about variable overhead costs is true?

Multiple Choice

For control purposes, the actual quantity of the cost$-$allocation base $($cost driver$)$ is used.

The total variable overhead cost variance can be decomposed into a production$-$volume variance and a flexible budget variance.

The underlying model for control and product costing purposes is the same for variable overhead.

Standard costs for variable overhead can be used for control, but not product costing, purposes.

The amount of variable overhead applied to production is a function of the denominator output volume and the actual quantity of the cost$-$allocation base $($cost driver$)$ used to apply overhead.