Define: Variable Overhead Efficiency Variance

UK Accounting Glossary

Definition: Variable Overhead Efficiency Variance


Quick Summary of Variable Overhead Efficiency Variance




What is the dictionary definition of Variable Overhead Efficiency Variance?

Dictionary Definition


In a system of standard costing, the Variable Overhead Efficiency Variance is the difference arising between the actual labour hours worked and the standard time allowed for the quantity actually produced; this is valued at the standard variable overhead absorption rate per hour.


Advertisement



Full Definition of Variable Overhead Efficiency Variance



Advertisement



Variable Overhead Efficiency Variance FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/variable-overhead-efficiency-variance/
Modern Language Association (MLA):
Variable Overhead Efficiency Variance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/variable-overhead-efficiency-variance/.
Chicago Manual of Style (CMS):
Variable Overhead Efficiency Variance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/variable-overhead-efficiency-variance/ (accessed: September 17, 2019).
American Psychological Association (APA):
Variable Overhead Efficiency Variance. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/variable-overhead-efficiency-variance/

Definition Sources


Definitions for Variable Overhead Efficiency Variance are sourced/syndicated from:


This glossary post was last updated: 5th May 2019.