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advanced variance

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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May 13, 2020 at 8:18 am #570686
chandni24
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Question
can you please give me an example and explain what less economic use of services means in variable overhead expenditure adverse variance
May 13, 2020 at 10:16 am #570693
John Moffat
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Using a service less economically means using it less efficiently. Therefore they will spend more than they should be doing, hence an adverse variance.
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