Define: Variable Overhead Expenditure Variance

Business, Legal & Accounting Glossary

Definition: Variable Overhead Expenditure Variance


Quick Summary of Variable Overhead Expenditure Variance


The variable overhead expenditure variance is the difference between the actual and budgeted rates of spending on variable overhead.



What is the dictionary definition of Variable Overhead Expenditure Variance?

Dictionary Definition


In a system of standard costing, the Variable Overhead Expenditure Variance is the difference arising between the standard variable overhead absorbed for the actual units produced and the actual variable overhead expenditure incurred.


Advertisement




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-expenditure-variance/
Modern Language Association (MLA):
Variable Overhead Expenditure Variance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 09, 2020 https://payrollheaven.com/define/variable-overhead-expenditure-variance/.
Chicago Manual of Style (CMS):
Variable Overhead Expenditure Variance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/variable-overhead-expenditure-variance/ (accessed: April 09, 2020).
American Psychological Association (APA):
Variable Overhead Expenditure Variance. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/variable-overhead-expenditure-variance/

Definition Sources


Definitions for Variable Overhead Expenditure Variance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th January, 2020