Question: The fixed factory overhead application rate is a function of a predetermined activity level. If standard hours allowed for actual output equal this predetermined activity

The fixed factory overhead application rate is a function of a predetermined activity level. If standard hours allowed for actual output equal this predetermined activity level for a given period, the volume variance will be:

(

CPA adapted

)

Multiple Choice

either favorable or unfavorable, depending on the budgeted overhead.

zero.

favorable.

unfavorable.

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