The difference between actual and budgeted fixed factory overhead is referred to as a fixed overhead spending variance.

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The difference between actual and budgeted fixed factory overhead is called the fixed overhead volume variance, not the fixed overhead spending variance. The fixed overhead spending variance is the difference between the actual amount of fixed overhead expenses incurred and the expected cost based on the budgeted rate per unit of activity.

The Difference Between Actual and Budgeted Fixed Factory Overhead Is