Create an account
Denominator Level (Production-denominator level)
The denominator in the dugeted fixed oh rate computation.
Denominator-level Variance (Production-volume variance)
The difference between budgeted fixed oh and fixed oh allocated on the basis of actual output produced.
Fixed OH flexible-budget variance (spending variance)
The differencebetween actual fixed OH costs and flexible budget fixed OH costs.
Operating-income volume variance
The difference between static-budget operating income and the operating income based on budgeted profit/unit and actual units of output.
Costing system that traces direct costs to output produced by (standard prices/rates x standard quantities of inputs allowed for actual outputs produced ) and allocated OH costs on the basis of the standard OH-cost x the standard quantities of the allocation bases allowed for actual outputs produced.
Variable OH efficiency variance
Difference between the actual quantity of variable OH cost-allocation base used and budgeted quantity of variable OH cost-allocation base that should have been used to produce actual output x the budgeted variable OH cost/unit of cost-allocation base.
Variable OH flexible-budget variance
The difference between actual variable OH costs incurred and flexible-budget variable OH amounts.
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together