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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Which do you think is more important for control of fixed overhead costs: the spending variance or the volume variance? Explain.

To determine

State the variance which is more important for control of fixed overhead costs.

Explanation

Variance:

The amount obtained when actual cost is deducted from budgeted cost is known as variance. Variance is calculated to find whether the cost is over applied or under applied.

Spending variance is more important to control fixed overhead costs than volume variance...

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