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In correct chronological order, the three phases of the uterine cycle are
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard cost of variable overhead allotted based on the activity level.
Variable Overhead Efficiency Variance
The difference between actual hours worked to produce an item and the standard hours expected, multiplied by the variable overhead rate.
FOH Volume Variance
The difference between the budgeted fixed overhead and the applied fixed overhead, which is attributed to the difference in actual and budgeted activity levels.
FOH Budget Variance
The difference between the actual and budgeted factory overhead costs over a certain period, indicating under or overspending.
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