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 :)
Category and Tags
Add a comment
More stories by
Coronavirus and steps to prevent it

Representative imageHealth officials around the world are keeping a close watch on the outbreak of coronavirus in China, which is spreading around Asia and has reached as far away as the United States.

Global brands look to expand presence in Bangladesh

A buyer browses through shoes at a Puma outlet in Dhaka. Buoyed by Bangladesh's booming retail market, a number of global fashion brands are looking to expand their business here. Photo: Salahuddin AhmedA number of g...

Bed Making Jobs - Tokyo

Bed Making Jobs - Tokyo★★Hotel Bed Making and cleaning staff wanted★ 14 Minutes from Shinjuku!Very simple and easy work in the morning.

Intel appoints Bangladeshi-American Omar Ishrak as board chairman

American technology giant Intel has appointed Omar Ishrak, a Bangladeshi American director at the company, as their new Chairman of the Board.

Grameenphone gets ‘home-grown’ CEO

Amid the year-long scuffle with the telecom regulator, Norwegian telecommunications company Telenor Group has announced Yasir Azman as the new chief executive officer (CEO) at its Bangladesh operation, Grameenphone.

Follow Business Habit on Facebook, Twitter