Return on investment is also known as the ________

The variable overhead rate variance tells managers whether more or less was spent on variable overhead than they expected for the hours worked

Indicate whether the statement is true or false

Which of the following statements is true regarding "management by exception"?

A) It is rarely used in variance analysis. B) It forces managers to investigate all variances, regardless of size. C) It requires managers to investigate variances that are material in amount. D) It requires managers to calculate standard costs but not actual costs.