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Companies often bring in specialized consulting firms to assist in the ERP vendor selection process.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead incurred and the standard cost allocated for the actual production volume, resulting from efficiency in variable overhead resource usage.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard cost of variable overhead allocated for the actual production level.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (standard) variable overhead based on actual production levels.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard overhead estimated, based on the actual level of activity.
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