The flexible budget amount is added in to variable overhead flexible budget variance to calculate ____________?
Correct answer: A. actual costs incurredCompare Credit Cards
- A. actual costs incurredCompare Credit Cards
- B. variable costs incurred
- C. fixed costs incurred
- D. manufacturing costs incurred
Explanation
The flexible-budget amount plus an unfavorable variable-overhead flexible-budget variance gives the actual variable overhead incurred. Therefore, the resulting figure is actual costs incurred.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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