The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the:

A) Production variance.
B) Quantity variance.
C) Volume variance.
D) Price variance.
E) Controllable variance.

Controllable Variance

Controllable variance refers to the difference between actual and expected figures that can be influenced by the actions of managers.

Overhead Costs

General expenses related to the operation of a business that are not directly attributed to creating a product or service.