Feb 112016
 

The difference between total actual overhead and budgeted overhead based on standard hours allowed for the production achieved during the period; computed as part of two-variance overhead analysis; also referred to as the controllable variance

Did my definition help you understand Budget Variance? If not, please leave a comment below. I read every comment and will reply to clarify your questions just as soon as I can.

If you are interested in finding out more on definitions and glossary terms such as Budget Variance then please sign up for the ‘Word of the Day’ email. Its a great way to learn some new terms which will really help you be an all-round expert at work.

Comments?

Please leave your comments below. Remember, every comment left gets you another entry into the random prize draw for 100 GBP of Amazon vouchers.

Next winner will be selected on [date]. Comment now!

 Leave a Reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

(required)

(required)