What is Spending Variance?

                                                             

This means expenditure variance. The difference between budgeted fixed overhead costs is called spending variance. This variance is also called budget variance level variance. If actual factory overhead < budgeted overhead than its favorable and if actual overhead >budgeted overhead cost than its adverse. From this variance, we can know the condition of budgeted overhead against fixed overhead and variable overhead :)


Category and Tags
More stories by
Jack Dorsey, a co-founder of Twitter, unveils Bitchat, a messaging program that functions without an internet connection

Jack Dorsey introduces Bitchat, a Bluetooth messaging application that allows iPhone users to talk securely and decentralizedly without the need for an internet connection.Jack Dorsey, one of the co-founders of Twitt...

India Bans Land Import of Bangladesh's Jute, Yarn

India has recently banned the importation of some woven articles and jute products from Bangladesh via land ports. However, in a notification, the Directorate General of Foreign Trade stated that the articles can be ...

How are you taking responsibility for your customers, Expedia?

I have been using Expedia I think for more than 5 years. I usually book flights from there. This is the first time...

Why Setting Up a Factory in India Could Be a Big Mistake for Apple

Apple’s recent push to diversify its manufacturing base by investing billions into India has drawn global attention. With ongoing geopolitical tensions with China and the need for supply chain resilience, shifting operations to India appears on pap

Follow Business Habit on Facebook, Twitter