fixed production overhead expenditure variance
Definition
The difference between the actual fixed production overhead expenditure and the budgeted fixed production overhead expenditure. For example, if a company budgeted overhead costs of $20,000 (1,000 units x overhead rate of $20/unit) but found actual overhead expenditures to be $25,000, there was a favorable fixed production overhead expenditure variance of $5,000.
News containing the term fixed production overhead expenditure variance
Loading...
http://www.businessdictionary.com/definition/fixed-production-overhead-expenditure-variance.html
