Question: The production volume variance is computed by calculating the difference between them: Multiple Choice 1-actual fixed overhead and applied fixed overhead. 2-actual fixed overhead and

The production volume variance is computed by calculating the difference between them: 

Multiple Choice

1-actual fixed overhead and applied fixed overhead. 

2-actual fixed overhead and budget at the actual level of activity reached.

 3-actual fixed overhead and budget at the denominator level of activity planned. 

4-budget at actual levels of activity reached and fixed overhead applied.

 

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