Fixed Overheads Variance

This is defined like the difference between the fixed overheads attributed and the standard cost of fixed overheads absorbed in the production achieved whether completed or whether not and charged to that period.

This is in fact the over or under-absorbed overheads for the period beneath consideration.

The fixed overhead volume variance has two major components that are:

1. Fixed overhead expenditure variance, and

2. Fixed overhead volume variance

Posted Date: 2/7/2013 7:19:38 AM | Location : United States

Ask an Expert

Related Discussions:- Fixed overheads variance, Assignment Help, Ask Question on Fixed overheads variance, Get Answer, Expert's Help, Fixed overheads variance Discussions

Write discussion on Fixed overheads variance
Your posts are moderated

Write your message here..

Related Questions

Variable overhead expenditure variance, Variable Overhead Expenditure Varia... Variable Overhead Expenditure Variance Budget for December 2003; Shs. Fixed Overheads 11,480 Variable Ov

Cost concept, cost accounting concept cost accounting concept

Functions of cost accounting, to determine product cost: to determine product cost:

Tax bracket, You want to save $40,000 for a down payment on a new home. You... You want to save $40,000 for a down payment on a new home. You expect to save $7,000 per year, be in the 25% tax bracket and hope to earn 4% on your investments. How long (in mon

Statements on tax standards, Compare the American Institute of CPAs' (AICPA... Compare the American Institute of CPAs' (AICPA) Statements on Tax Standards (SSTS) and the Treasury Department Circular 230 rules to practice before the Internal Revenue Service (I

Variance analysis, Variance Analysis This section describes how labour... Variance Analysis This section describes how labour, material and overhead variances are calculated and what causes every of those variances. A chart is given also to describe

Methods of costing, METHODS OF COSTING : 1. Job costing :  Job costing ... METHODS OF COSTING : 1. Job costing :  Job costing is the essential costing technique appropriate to those industries somewhere the work consist of separate contracts, or batch

Prepare an income statement for the current year, The assets and liabilitie... The assets and liabilities of Amos Moving Services at May 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below.  On April 1, 2010, the

Process costing procedure, Process Costing Procedure 1. The production... Process Costing Procedure 1. The production factory is divided into a number of methods. 2. An account is maintained and opened for every process. 3. Every process accou

Determine cash flow statement, Download the financials of Shoprite , study ... Download the financials of Shoprite , study them, then, using ratio analysis, the cash flow statement, and the segmental breakdown of the results, prepare a statement outlining the