Overhead Expenditure Variance

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Definitions

Overhead Expenditure Variance Expenditure Variance Standard Costing Budgeted Overhead Actual Overhead Fixed Overhead Variance Variable Overhead Variance

Overhead Expenditure Variance in Accounting represents the difference between the budgeted overhead allowance and the actual overhead incurred. This variance helps adjust the budgeted profits for over- or under-spending.

Definitions

Variable Overhead Expenditure Variance

Variable Overhead Expenditure Variance Standard Costing Overhead Expenditure Variance Variable Overhead Budgeted Costs Incurred Costs Cost Accounting

Variable overhead expenditure variance in standard costing is the difference between the budgeted variable overhead expenses and the actual variable overhead expenses incurred.