Overhead is considered a fixed cost, even though it may vary somewhat according to the amount of activity.
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A cost that is not fixed.
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.
Type your answer here... fixed cost + variable cost = total cost
Favourable fixed overhead variance occurs when actual fixed cost is less than the budgeted fixed overhead expenses.
marginal cost, total cost, variable, and fixed cost