Examlex
The crow's-foot notation in an E-R diagram shows the maximum number of entities that can be involved in a relationship.
Fixed Overhead Volume Variance
The difference between the budgeted and actual volume of production, multiplied by the fixed overhead rate, indicating how fixed costs are allocated over different levels of output.
Fixed Overhead Budget Variance
This term refers to the difference between the budgeted fixed overhead costs and the actual fixed overhead costs incurred.
Standard Fixed Manufacturing Overhead Rate
The predetermined rate used to apply fixed manufacturing overhead to products, based on an estimate of total fixed manufacturing costs and an allocation basis.
Actual Fixed Overhead Costs
The real costs incurred for fixed overhead during a specified accounting period.
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