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What is the formula for calculating Fixed Overhead Volume Variance (FOVV)?
  • a)
    (Std. Time for Actual Output - Budgeted Time) x Std. Rate
  • b)
    (Actual Time Worked - Budgeted Time) x Std. Rate
  • c)
    (Actual No. of Working Days - Std. No. of Working Days) x Std. Rate per Day
  • d)
    (Revised Budgeted Time - Budgeted Time) x Std. Rate per Time
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the formula for calculating Fixed Overhead Volume Variance (FO...
The correct formula for calculating Fixed Overhead Volume Variance (FOVV) is (Std. Time for Actual Output - Budgeted Time) x Std. Rate. FOVV measures the variance in overhead costs due to differences in the volume of output produced compared to the budgeted volume.
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What is the formula for calculating Fixed Overhead Volume Variance (FOVV)?a)(Std. Time for Actual Output - Budgeted Time) x Std. Rateb)(Actual Time Worked - Budgeted Time) x Std. Ratec)(Actual No. of Working Days - Std. No. of Working Days) x Std. Rate per Dayd)(Revised Budgeted Time - Budgeted Time) x Std. Rate per TimeCorrect answer is option 'A'. Can you explain this answer?
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What is the formula for calculating Fixed Overhead Volume Variance (FOVV)?a)(Std. Time for Actual Output - Budgeted Time) x Std. Rateb)(Actual Time Worked - Budgeted Time) x Std. Ratec)(Actual No. of Working Days - Std. No. of Working Days) x Std. Rate per Dayd)(Revised Budgeted Time - Budgeted Time) x Std. Rate per TimeCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the formula for calculating Fixed Overhead Volume Variance (FOVV)?a)(Std. Time for Actual Output - Budgeted Time) x Std. Rateb)(Actual Time Worked - Budgeted Time) x Std. Ratec)(Actual No. of Working Days - Std. No. of Working Days) x Std. Rate per Dayd)(Revised Budgeted Time - Budgeted Time) x Std. Rate per TimeCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the formula for calculating Fixed Overhead Volume Variance (FOVV)?a)(Std. Time for Actual Output - Budgeted Time) x Std. Rateb)(Actual Time Worked - Budgeted Time) x Std. Ratec)(Actual No. of Working Days - Std. No. of Working Days) x Std. Rate per Dayd)(Revised Budgeted Time - Budgeted Time) x Std. Rate per TimeCorrect answer is option 'A'. Can you explain this answer?.
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