Budget Variance Definition:

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.

Other Related Accounting Articles:

• Flexible Budget Definition
• Flexible Budget Definition
• Sales Quantity Variance
• Importance of Variance Analysis
• Selling Price Variance
• Manufacturing Overhead Budget Definition
• What is Sales Volume Variance?
• Variable Spending Variance Definition
• Standard Costing
• Labor Rate Variance Definition