**Overhead Variances | Definition, Explanation, Formulas …**
https://learn.financestrategists.com/explanation/variance-analysis/overhead-variances/

Feb 04, 2019 · The total overhead cost variance can be analyzed into a budgeted or spending variance and a volume variance. Namely: Overhead spending variance = Budgeted overheads – Actual overheads = 60,000 – 62,000 = 2,000 (Unfavorable) Overhead volume variance = Recovered overheads – Budgeted overheads = 44,000 – 60,000 = 16,000 (Unfavorable)

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