An unfavorable variable overhead spending variance may be caused by the use of excessive quantities of variable overhead items. the payment of lower prices for variable overhead items used. the use of excessive quantities of the variable overhead allocation base. both the use of excessive quantities of variable overhead items and the payment of lower prices for variable overhead items used.

An unfavorable variable overhead spending variance may be caused by the use of excessive quantities of variable overhead items. the payment of lower prices for variable overhead items used. the use of excessive quantities of the variable overhead allocation base. both the use of excessive quantities of variable overhead items and the payment of lower prices for variable overhead items used.

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Description: An unfavorable variable overhead spending variance may be caused by the use of excessive quantities of variable overhead items.the payment of lower prices for variable overhead items used.the use of excessive quantities of the variable overhead alloc

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 20MC: The variable overhead efficiency variance is caused by the difference between which of the...

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Similar questions

Identify several causes of an unfavorable labor efficiency variance.
Which of the following is a possible cause of an unfavorable material quantity variance? A. purchasing substandard material B. hiring higher-quality workers C. paying more than should have for workers D. purchasing too much material
Which of the following is a possible cause of an unfavorable material price variance? A. purchasing too much material B. purchasing higher-quality material C. hiring substandard workers D. buying substandard material
The controllable variance measures a. operating results at more than normal capacity b. operating results at less than normal capacity c. the efficiency of using variable overhead resources d. control over fixed overhead costs
Which of the following statements about variable overhead variances is correct? Variable overhead efficiency variance is not a useful control tool. Variable overhead spending variance may be caused by lower than expected usage of direct labour hours. Variable overhead spending variance is useful only as a product costing tool. Variable overhead efficiency variance highlights any inefficient uses of variable indirect costs such as electricity.
A favorable overhead spending variance means that:a. Overhead has been overapplied.b. Overhead has been underapplied.c. Actual production was less than the normal volume ofoutput.d. None of the above.
An unfavorable fixed overhead volume variance can be due to all of the following except a.employee inexperience b.an increase in utility costs c.machine breakdowns d.sales orders at a low level
Which one of the following would not explain an adverse direct labor efficiency variance? A. Poor scheduling of direct labor hours. B. Unusually lengthy machine breakdowns. C. Setting standard efficiency at a level that is too low. D. A reduction in direct labor training.
The unfavorable volume variance may be due to all but which of the following factors? * Machine breakdown. Failure to obtain enough sales orders. Failure to maintain an even flow of work. Unexpected increases in the cost of utilities.
Identify several causes of an unfavorable material price variance.
What causes the variable overhead rate variance?
The overhead variance is overapplied if a. actual overhead is less than applied overhead. b. actual overhead is more than applied overhead. c. applied overhead is less than actual overhead. d. estimated overhead is less than applied overhead. e. estimated overhead is more than applied overhead.