## Static Budget Variance – Meaning, Importance, and Calculation

Understanding the term: Static Budget VarianceA static budget estimates a fixed amount of revenue and expenses. The budget figures in a static budget do… Read Article

## Fixed Overhead Efficiency Variance – Meaning, Formula and Example

Fixed Overhead Efficiency Variance (FOEV) is the difference between the actual number of manufacturing hours and the number of hours that actual manufacturing is… Read Article

## Fixed Overhead Calendar Variance – Meaning, Formula, and Examples

Fixed Overhead Calendar Variance (FOCalV) is one of the efficiency variances. This variance arises because of the difference in the number of budgeted working… Read Article

## Sales Quantity Variance

What is Sales Quantity Variance? Sales quantity variance is the variance in profits or contribution margins of an organization because of the difference in… Read Article

## Fixed Overhead Spending Variance – Meaning, Formula, Example, and More

Fixed Overhead Spending Variance (FOSV) is the variance or difference between the actual spend and budgeted spend of manufacturing fixed overhead expenses. Companies usually… Read Article

## Sales Mix Variance

What do we mean by Sales Mix Variance? Sales mix variance is the difference between the sales mix of the company actually sold and… Read Article

## Sales Price Variance

What do we mean by Sales Price Variance?Sales Price Variance is the variance or difference that occurs due to differences in the selling price… Read Article

## Sales Value Variance

What do we Mean by Sales Value Variance? Variance is a statistical measure of how much a data set is spread over. It measures… Read Article

## Fixed Overhead Capacity Variance – Meaning, Formula and Example

Fixed Overhead Capacity Variance (FOCV) basically shows how efficiently a company is utilizing its existing resources. In simple words, we can say that it… Read Article

## Variable Overhead Efficiency Variance – Meaning, Formula, and Example

Variable Overhead Efficiency Variance (VOEV) is the difference or variance between the actual and standard number of hours to make a certain number of… Read Article

## Variable Overhead Cost Variance – Meaning, Formula, and Example

Variance, as we know, is the difference between what has been planned/budgeted or standard one and the actual one. Therefore, Variable Overhead Cost Variance… Read Article