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The part of the variable overhead budget variance due to the difference between actual variable overhead cost and the standard cost allowed for the actual
The part of the variable overhead budget variance due to the difference between actual variable overhead cost and the standard cost allowed for the actual roswediscaled the Mumple Choice O variable overhead spending variance O variable overhead budget variance o oo Variable overhead efficiency variance variable overhead volume variance When inventory valuation is based on an appropriately established and effective standard cost system Multiple Choice 0 O cumulative varlances are recognized. 0 O a significant unfavorable net varlance may be reported as an expense of the current period. an Insignificant favorable net variance may be reported as an expense of the current period. 0 the explanatory notes to the financial statements will explain the disposition of the net variance
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