Define: Variable Overhead Total Variance

Business, Legal & Accounting Glossary

Definition: Variable Overhead Total Variance



What is the dictionary definition of Variable Overhead Total Variance?

Dictionary Definition


In a system of standard costing, the Variable Overhead Total Variance is the total 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-total-variance/
Modern Language Association (MLA):
Variable Overhead Total Variance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/variable-overhead-total-variance/.
Chicago Manual of Style (CMS):
Variable Overhead Total Variance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/variable-overhead-total-variance/ (accessed: April 06, 2020).
American Psychological Association (APA):
Variable Overhead Total Variance. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/variable-overhead-total-variance/

Definition Sources


Definitions for Variable Overhead Total 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: 10th August, 2019