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Frequent viewing of television violence
Fixed Overhead Spending Variance
The difference between the actual fixed overhead costs incurred and the budgeted or standard fixed overhead costs.
Variable Overhead Spending Variance
Refers to the difference between the actual variable overheads incurred and the standard variable overheads expected for the actual production level.
Direct Labor Efficiency Variance
The difference between the actual hours of direct labor used and the standard hours expected for the production achieved.
Direct Labor Rate Variance
A financial metric used to measure the difference between the actual hourly wage paid to workers and the expected (or standard) wage rate for a specific period.
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