eFinanceManagement

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

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

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

Cost Variance – Meaning, Importance, Calculation and More

Cost Variance (CV) is a term that relates to the budget. As you will be aware, Variance is the difference between the cost and… Read Article

Fixed Overhead Volume Variance

What is Fixed Overhead Volume Variance (FOVV)?Fixed overhead volume variance is stated as a figure which is equal to the standard fixed overhead less… Read Article

Pre-determined Overhead Rate – Meaning, Calculation And More

A Pre-determined Overhead Rate is a projected ratio of overhead costs, which is determined at the start of the year. A company determines this… Read Article

Variance Analysis Report

What is a Variance Analysis Report?Variance Analysis Report is useful to identify the gap between the planned outcome (The Budgeted) and the actual outcome… Read Article

Variance Analysis Formula with Example

The variance analysis formula is the key to preparing variance analysis reports. For each type of variance, there is a plug-and-play variance formula to… Read Article

Variance Analysis

What is Variance Analysis?Variance Analysis deals with an analysis of deviations in the budgeted and actual financial performance of a company. The causes of… Read Article