Difference between actual variable overhead cost and flexible budget variable overhead amount is termed as

A. overhead flexible budget variance

B. overhead fixed budget variance

C. overhead flexible cost variance

D. overhead flexible price variance

Answer: Option A

Solution(By Examveda Team)

Difference between actual variable overhead cost and flexible budget variable overhead amount is termed as overhead flexible budget variance. A flexible budget is a budget that shows differing levels of revenue and expense, based on the amount of sales activity that actually occurs.