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Activity-based budgeting (ABB) system
Chapter 11
Activity flexible budgeting
Chapter 11
Fixed overhead spending variance
Chapter 11
Fixed overhead volume variance
Chapter 11
Flexible budget
Chapter 11
Flexible budget variance
Chapter 11
Performance report
Chapter 11
Static budget
Chapter 11
Variable budgets
Chapter 11
Variable overhead efficiency variance
Chapter 11
Variable overhead spending variance
Chapter 11
A budget system that focuses on estimating the costs of activities rather than the costs of departments and plants, and the use of multiple drivers, both unit-based and non-unit-based. Page 534
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Predicting what activity costs will be as activity usage changes. Page 535
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The difference between actual fixed overhead and applied fixed overhead. Page 531
Chapter 11
The difference between budgeted fixed overhead and applied fixed overhead; it is a measure of capacity utilization. Page 531
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A budget that can specify costs for a range of activity. Page 520
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The sum of price variances and efficiency variances in a performance report comparing actual costs to expected costs predicted by a flexible budget. Page 523
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A report that compares the actual data with planned data. Page 518
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A budget for a particular level of activity. Page 518
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Budgets that can specify costs for a range of activity. Page 521
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The difference between the actual direct labour hours used and the standard hours allowed multiplied by the standard variable overhead rate. Page 525
Chapter 11
The difference between the actual variable overhead and the budgeted variable overhead based on actual hours used to produce the actual output. Page 525
Chapter 11
