Asked by
Maria Angelika Catorce
on Nov 13, 2024
Verified
A debit to the Overhead Volume Variance account indicates that the standard hours allowed for the output produced was greater than the standard hours at normal capacity.
Overhead Volume Variance
A measure used in cost accounting to analyze the difference between the budgeted and actual volume of activity, influencing the fixed manufacturing overhead.
Standard Hours
The set number of hours that are expected to be worked, often used in manufacturing to estimate labor costs.
- Pinpoint and expound on the divergences in charges associated with overhead, employment, and materials.
Verified Answer
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Learning Objectives
- Pinpoint and expound on the divergences in charges associated with overhead, employment, and materials.
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