Question

An overhead variance report includes which of the followings: _________

a. Variable and fixed flexible budget costs
b. Variable and fixed actual results
c. Variable and fixed sales results
d. Variable and fixed variances

Answer 1

Answer: a. Variable and fixed flexible budget costs

Step-by-step explanation:

An overhead variance report shows the difference between the overhead that was actually incurred to either produce or sell vs the overhead that was budgeted.

Overhead can either be fixed or variable so an overhead report will include both fixed and variable budgeted costs which will then be compared to fixed and variable actual overhead costs.