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Flexible Budgets and Overhead Analysis

 
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Flexible Budgets and Overhead Analysis
shahid amin
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08-27-2009, 08:44 PM
<font color="blue"><b>Budget Variance</b></font id="blue">

A measure of the difference between the actual fixed overhead costs incurred during the period and budgeted fixed overhead costs as contained in the flexible budget.

<font color="blue"><b>Denominator Activity</b></font id="blue">

The activity figure used to compute the predetermined overhead rate.

<font color="blue"><b>Flexible Budget</b></font id="blue">

A budget that is designed to cover a range of activity and that can be used to develop budgeted costs at any point within that range to compare actual costs incurred.

<font color="blue"><b>Static Budget</b></font id="blue">

A budget created at the beginning of the budgeting period that is valid only for the planned level of activity.




<font color="blue"><b>Volume Variance</b></font id="blue">

The variance that arises whenever the standard hours allowed for the output of a period are different from the denominator activity level that was used to compute the predetermined overhead rate.
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Flexible Budgets and Overhead Analysis - by shahid amin - 08-27-2009, 08:44 PM
[No subject] - by awaisaftab - 08-28-2009, 03:37 PM
[No subject] - by shahid amin - 08-28-2009, 05:39 PM
[No subject] - by shahid amin - 08-31-2009, 04:42 PM
[No subject] - by awaisaftab - 08-31-2009, 05:04 PM
[No subject] - by shahid amin - 09-01-2009, 05:50 PM
[No subject] - by tariq aziz - 09-03-2009, 05:01 PM

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