Respuesta :
The portion of the budget variance for variable overhead due to the difference between actual hours required and standard hours allowed for the work done is called the variable overhead efficiency variance.
What is budget variance?
An accounting phrase known as a budget variation is used to describe situations where actual expenses are either greater or lower than expected or standard costs. An unfavourable, or negative, budget variance is a sign of a budget deficit, which can happen when revenues are lower than expected or costs are higher than expected.
What variations are permitted?
This question can only have the response "It all depends." If you are performing a clearly defined construction task, the deviations may vary from 3-5%. When working in research & development, permissible deviations typically rise to between 10 and 15 percent.
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