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What is the difference between variable overheads cost variance andfixed overheads cost variance?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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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.
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 is difference between the amount budgeted and the actual amount is called?
Difference between actual amount and budgeted amount is called "Variance" and variance analysis is done to find out the reasons for variance
Is there any difference between sales volume variance and Sales Quantity Variance?
Yes
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.
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.
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.
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 is the difference between the coefficient of simple determination and that of multiple determination?
The coefficient of simple determination tells the proportion of variance in one variable that can be accounted for (or explained) by variance in another variable. The coefficient of multiple determination is the Proportion of variance X and Y share with Z; or proportion of variance in Z that can be explained by X & Y.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
What is the variance for the uniform random variable?
the variance of the uniform distribution is (a+b)/12
What a correlation of 0.30 means that the independent variable explains -- percent of the variance in the dependent variable?
The independent variable explains .32*100 percent of the variance in the dependent variable.This is 9%.The explainable variance is always the square of the correlation (r).
How do you find the z score of 12.5?
To find the Z score from the random variable you need the mean and variance of the rv.To find the Z score from the random variable you need the mean and variance of the rv.To find the Z score from the random variable you need the mean and variance of the rv.To find the Z score from the random variable you need the mean and variance of the rv.
What does homogeneity of variance mean?
It means that the variance remains the same across the range of values of the variable.
What is Proportion of variance unaccounted?
The unaccounted for variance aka Error Variance, is the amount of variance of the dependent variable (DV) that is not accounted for by the main effects/independent variables (IV) and their interactions.
What difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
