Q. The formula for calculating the fixed overhead volume variance is: (Solved)
1. Budgeted fixed expenditure less (actual hours x actual production x fixed overhead absorption rate)
2. Budgeted fixed expenditure less (actual hours x fixed overhead absorption rate)
3. Actual fixed overhead less (standard hours x actual production x fixed overhead absorption rate)
4. Budgeted fixed expenditure less (standard hours x actual production x fixed overhead expenditure variance)
- d. Budgeted fixed expenditure less (standard hours x actual production x fixed overhead expenditure variance)