| activity-based flexible budget | A flexible budget based on several cost drivers rather than on a single, volume-based cost driver.
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| fixed-overhead budget variance | The difference between actual and budgeted fixed overhead.
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| fixed-overhead volume variance | The difference between budgeted and applied fixed overhead.
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| flexible budget | A budget that is valid for a range of activity.
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| overhead cost performance report | A report showing the actual and flexible-budget cost levels for each overhead item, together with variable-overhead spending and efficiency variances and fixed-overhead budget variances.
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| sales-price variance | The difference between actual and expected unit sales price multiplied by the actual quantity of units sold.
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| sales-volume variance | The difference between actual sales volume and budgeted sales volume multiplied by budgeted sales price.
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| static budget | A budget that is valid for only one planned activity level.
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| total contribution margin | Total sales revenue less total variable expenses.
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| unit contribution margin | Sales price minus the unit variable cost.
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| variable-overhead efficiency variance | The difference between actual and standard hours of an activity base (e.g., machine hours) multiplied by the standard variable-overhead rate.
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| variable-overhead spending variance | The difference between actual variable-overhead cost and the product of the standard variable-overhead rate and actual hours of an activity base (e.g., machine hours).
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