The variable overhead rate variance tells managers whether more or less was spent on variable overhead than they expected for the hours worked.

Name: The variable overhead rate variance tells managers whether more or less was spent on variable overhead than they expected for the hours worked.
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The variable overhead rate variance compares the actual variable overhead rate to the expected rate, showing whether more or less was spent than expected for the hours worked.

The Variable Overhead Rate Variance Tells Managers Whether More or Less