The difference between hours worked to produce and the budgeted hours for that production. It is multiplied by an overhead rate. A favorable figure would be one that is covered by the overhead. It uses the rate per hour and the hours to get the final figu
What is FIXED PRODUCTION OVERHEAD VOLUME EFFICIENCY VARIANCE?
- FIXED PRODUCTION OVERHEAD VOLUME CAPACITY VARIANCE
- FIXED PRODUCTION OVERHEAD VOLUME VARIANCE
- FIXED PRODUCTION OVERHEAD EXPENDITURE VARIANCE
- VARIABLE PRODUCTION OVERHEAD EFFICIENCY VARIANCE
- FIXED PRODUCTION OVERHEAD VARIANCE
- VARIABLE PRODUCTION OVERHEAD EXPENDITURE VARIANCE
- VARIABLE PRODUCTION OVERHEAD TOTAL VARIANCE
- SALES VOLUME VARIANCE
- LABOR IDLE TIME VARIANCE
- LABOR RATE (PRICE) VARIANCE
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