Question: The difference in each period between total variable overhead cost incurred and the standard variable overhead cost for the period based on the actual quantity

The difference in each period between total variable overhead cost incurred and the standard variable overhead cost for the period based on the actual quantity of the cost driver used to apply variable overhead cost is the:

Multiple Choice

  • Total variable overhead variance.

  • Variable overhead spending variance.

  • Variable overhead rate variance.

  • Variable overhead efficiency variance.

  • Variable overhead flexible-budget variance.

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