VA's readjustment counseling is provided at community-based Vet Centers located near Veterans and their families. All Vet Center services are prepaid through military service. Contact your nearest Vet Center through information provided in the Vet Center Directory or listings in your local blue pages.
Variable Overhead Spending Variance. Variable Overhead spending variance (also called variable overhead rate variance) is the product of actual units of the allocation base of variable overhead and the difference between standard variable overhead rate and actual variable overhead rate. The formula to calculate the variable overhead spending variance is:
The Volume variance represents the difference between the budget allowance and the standard expenses charged to work in process. If budget allowance is more than the standard expenses charged to production, the variance is called unfavorable volume variance. If budget allowance is less than the standard expenses charged to production, the variance is called favorable volume variance. Overhead volume variance is calculated when overall or net overhead variance is further analyzed using two variance method.