Question: The production volume variance under the normal costing method is calculated as: the difference between actual production and budgeted production. the sum of budgeted fixed

The production volume variance under the normal costing method is calculated as:

the difference between actual production and budgeted production.

the sum of budgeted fixed manufacturing overhead costs and allocated fixed manufacturing overhead costs.

the difference between budgeted fixed manufacturing overhead costs and actual fixed manufacturing overhead costs.

the difference between actual fixed manufacturing overhead costs and assigned fixed manufacturing overhead costs.

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