Q. The formula for calculating the variable overhead total variance is: (Solved)
1. (Standard hours less actual hours) x variable overhead absorption rate
2. Actual variable overhead less (actual hours x actual hours worked x variable overhead absorption rate)
3. Actual variable overhead expenditure less budgeted variable overhead expenditure
4. Actual variable overhead less (standard hours x actual production x variable overhead absorption rate)
- b. Actual variable overhead less (actual hours x actual hours worked x variable overhead absorption rate)