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Act. Hr x (Std. Rate - Act. Rate) actual hours times standart rate minus actual rate
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∙ 15y ago
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What is the fixed manufacturing overhead budget variance equal to?
Fixed manufacturing overhead budget variance is?
If the controllable overhead variance is favorable the overhead volume variance?
volume variance relates to Fixed cost absorption, where as controllable variances arise due difference in actual variable spending per activity measure.
What if budgeted manufacturing overhead is not equal to applied manufacturing overhead?
There is a variance.
What is the difference between variable overheads cost variance andfixed overheads cost variance?
Variable overhead cost variance is that variance which is in variable overheads costs between the standard cost and the actual variable cost WHILE fixed overheads cost variance is variance between standard fixed overhead cost and actual fixed overhead cost.
What is One potential cause of Total Manufacturing Overhead Variance?
If the estimated materials, labor or overhead costs allocated for a manufacturing order is different from the actual cost of the MO then the potential result is a Manufacturing Overhead Variance.
What is combined overhead variance?
Combined overhead variance = fixed overhead variance + variable overhead varianceFixed Overhead :which remains fixed and donot change upto certain level of productionVariable Overhead: which keep changing with the change in production units.
Is overhead spending variance affected by excessive usage or waste of overhead materials?
True
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
What is variable manufacturing overhead variance?
Act. Hr x (Std. Rate - Act. Rate) actual hours times standart rate minus actual rate
What are the properties of z in a normal distribution?
Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.
What is the difference between variable overhead cost variance and fixed overhead variance?
direct or indirect cost which increases or decreases with production are variable overheads such as, indirect material, indirect labor, utilities, maintenancd expansis etc. expansis which does not fluctuate with increase or decrease of production called fixed overheads such as rent, salaries, insurance, professional membership like ISO etc.
Fixed-overhead budget variance?
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.
