Business, Legal & Accounting Glossary
The variable overhead expenditure variance is the difference between the actual and budgeted rates of spending on variable overhead.
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.
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This glossary post was last updated: 8th January, 2020 | 6 Views.