Activity Variance
Jump to navigation
Jump to search
Description
The difference between a revenue or cost item in the static planning budget and the same item in the flexible budget. An activity variance is due solely to the difference between the level of activity assumed in the planning budget and the actual level of activity used in the flexible budget.
Concept Prerequisite
Wikipedia Reference
Learning Material
Covered in Topic(s)
| Flexible Budgets and Overhead Analysis |