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Overhead variance is calculated as: Standard applied overhead less budgeted overhead. Actual total overhead less standard overhead applied. Budgeted overhead less standard overhead applied. Actual

Overhead variance is calculated as:

Standard applied overhead less budgeted overhead.

Actual total overhead less standard overhead applied.

Budgeted overhead less standard overhead applied.

Actual overhead incurred less standard applied overhead.

Actual fixed cost less budgeted overhead.

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