Examlex
Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:
Overhead Controllable Variance
The difference between the actual overhead incurred and the overhead costs that should have been incurred, based on a standard or budget, that management had control over.
Budgeted Overhead
The estimated costs for running a business, not directly tied to production but expected to occur within a specific budget period.
Actual Overhead Costs
The real expenses incurred in the manufacturing process that are not directly tied to production, such as utilities and rent for factory space.
Overhead Variances
Differences between the actual overhead costs incurred and the standard costs for the overheads that were budgeted for a period.
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