A cost that is not fixed.
Overhead is considered a fixed cost, even though it may vary somewhat according to the amount of activity.
Over-applied variance occurs when the actual overhead costs incurred are less than the overhead costs that were applied based on estimated rates. Key factors in determining this variance include the accuracy of the overhead rate estimates, the actual level of activity or production, and fluctuations in fixed and variable overhead costs. Additionally, changes in operational efficiency and unexpected changes in production volume can also influence the extent of over- or under-applied overhead. Analyzing these factors helps organizations better manage their budgeting and cost control processes.
an independent variable is a thing you can change on your own. a depentent variable is a variable you depend on and a responding variable is a variable that reacts to the experiment
The independent variable. The output variable is dependent on this variable's value and so is called the dependent variable.
The independent variable.
The two types of overhead are fixed overhead and variable overhead. Fixed overhead remains constant regardless of production levels, while variable overhead fluctuates in direct proportion to production activity.
The difference between fixed overhead and variable overhead is that fixed overheads are the ones that do not change regardless and variable overheads are the ones that vary depending on the number of units that it produces. An example of fixed overhead is a managers salary.
Variable manufacturing overhead cost per direct labor hour means the variable overhead cost spent for one single labor hour and formula is as follows:Variable overhead cost per labor hour = total variable overhead cost / Total direct labor hours
cheatFAIL
Manufacturing cost is variable cost.
it doens't
variable costing
Compute the actual and budgeted manufacturing overhead rate
Variable overhead cost variance is that variance which is in variable overheads costs between the standard cost and the actual variable cost WHILE fixed overheads cost variance is variance between standard fixed overhead cost and actual fixed overhead cost.
Total variable cost is typically the sum of all variable labor, variable materials, and variable overhead expenses.
Combined overhead variance = fixed overhead variance + variable overhead varianceFixed Overhead :which remains fixed and donot change upto certain level of productionVariable Overhead: which keep changing with the change in production units.
Overhead refers to the cost of a business in a particular period. Specifically, overhead points to fixed and indirect costs. They are non-labor costs. Non-labor costs are variable or fixed. Rent and salaries are examples of fixed costs. Advertising and supplies are variable costs.