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The formula for calculating the variable overhead total variance is:

a. Actual variable overhead less (standard hours * actual production * variable overhead absorption rate) b. Actual overhead less (actual hours * actual hours worked * variable overhead absorption rate) c. Actual variable overhead expenditure less budgeted variable overhead expenditure d. (Standard hours less actual hours) * variable overhead absorption rate

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2014/10/31
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option A.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

a. Actual variable overhead less (standard hours * actual production * variable overhead absorption rate)

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