Fixed overhead budget variance

Fixed overhead budget variance this variance measures the difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs. This variance is sometimes referred to as the fixed overhead spending variance because it specifically looks at whether the company spent more or less than anticipated on fixed overhead costs.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Fixed overhead budget variance. This variance measures the difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs. This variance is sometimes referred to as the fixed overhead spending variance because it specifically looks at whether the company spent more or less than anticipated on fixed overhead costs.