In analyzing manufacturing overhead variances, the volume variance is the difference between the
a. amount shown in the flexible budget and the amount shown in the debit side of the overhead control account.
b. predetermined overhead application rate and the flexible budget application rate times actual hours worked.
c. budget allowance based on standard hours allowed for actual production for the period and the amount budgeted to be applied during the period.
d. actual amount spent for overhead items during the period and the overhead amount applied to production during the period.
C
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General and administrative expenses are a category of operating expense
Indicate whether the statement is true or false