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The overhead cost variance is:
a. The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level.
b. The difference between actual overhead incurred during a period and the standard overhead applied.
c. The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit.
d. The costs that should be incurred under normal conditions to produce a specific product (or component) or to perform a specific service.
what is the difference between actively cost accounting versus process product cost
1.Explain the difference between variable and full costing.
2.Explain why income calculated under full absorption costingwill be greater than income calculated under variable costing whenproduction exceeds sales. Explain how a manufacturing company can"bury" fixed manufacturing costs in ending inventory under fullabsorption costing.
3.If the fixed manufacturing overhead cost per unit under fullcosting is multiplied by the change in inventory between thebeginning and ending of the period, what does the resulting numberrepresent?
