What is Spending Variance?
This means expenditure variance. The difference between budgeted fixed overhead cost are 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 :)
Preveius Address: What is Spending Variance?