The term "overhead" refers to the costs associated with producing a good or service that are essential but are not directly involved in the production process. For instance, you have to maintain ...

Discover how to calculate variable overhead spending variance, its impact on costs, and examples of favorable vs. unfavorable variances in business operations.

A company will incur a number of costs associated with the production of a product. Some costs are considered direct costs, while others are considered indirect costs. Costs that cannot be traced to a ...