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.

 

Answer rating: 100% (QA)

2 actual fixed overhead and budget at the actual level of activity reached The total direct labor va... View the full answer