What is FIXED PRODUCTION OVERHEAD VOLUME VARIANCE?

The difference between the overhead and budgeted amount. They are multiplied by an overhead rate. It involves the units and the cost per unit to get the budget that is compared to the actual volume changes.

More On This Topic



Link to This Definition
Did you find this definition of FIXED PRODUCTION OVERHEAD VOLUME VARIANCE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary