Asked by Aracelli Garcia on Jul 15, 2024
Verified
Incurring actual indirect factory wages in excess of budgeted amounts for actual production results in a _____ variance.
A) quantity
B) controllable
C) volume
D) rate
Controllable Variance
Controllable variance refers to the difference between actual costs and the expected costs that can be controlled or influenced by a manager.
Actual Indirect Factory Wages
This represents the wages paid to workers who are not directly involved in production but support the manufacturing process.
Budgeted Amounts
Financial plans that project income, expenditures, and allocations for a specific period, often used for control and decision-making purposes.
- Develop the ability to conceptualize and calculate factory overhead variances, which include controllable, volume, and distinctions among fixed and variable expenses.
Verified Answer
Learning Objectives
- Develop the ability to conceptualize and calculate factory overhead variances, which include controllable, volume, and distinctions among fixed and variable expenses.
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