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Evaluate.
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Immaterial Variances
Small or insignificant differences between budgeted and actual figures that are not considered important enough to analyze in detail.
Fixed Overhead Variance
The difference between actual fixed overhead costs and the expected (or budgeted) fixed overhead costs.
Volume Variance
A financial term that represents the difference between the expected (budgeted) volume of production or sales and the actual volume achieved.
Spending Variance
The difference between the budgeted or planned amount of expense and the actual amount spent.
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