Formula for computing the overhead volume variance

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Reference no: EM13828587

The formula for computing the overhead volume variance is

A-variable overhead rate times (normal capacity hours less standard hours allowed).

B-fixed overhead rate times (normal capacity hours less standard hours allowed).

C-variable overhead rate times (actual hours less standard hours allowed).

D-fixed overhead rate times (actual hours less standard hours allowed).

Reference no: EM13828587

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