Tag: standard

Quality control charts are an important tool for ensuring the quality of your products or services. By creating and using a quality control chart,...

What is 'Quantitative Easing 2 – QE2' The second round of the Federal Reserve's monetary policy used to stimulate the U.S. economy...

What is 'Vandalism Endorsement' An optional type of coverage that can be added to a basic hazard or property and casualty insurance...

How Does Variable Overhead Efficiency Variance Affect Your Overhead Rate? There are two forms of overhead rate variation: Fixed overhead rate variance and Variable Overhead...

What is 'Variability' Variability is the extent to which data points in a statistical distribution or data set diverge from the average,...

What is 'Variance' Variance is a measurement of the spread between numbers in a data set. The variance measures how far each...

What is a Variable Overhead Spending Variance A variable overhead spending variance is the difference between the actual amount of variable overhead incurred and the...

What is 'Vandalism And Malicious Mischief Insurance' A type of insurance coverage that protects against losses sustained as a result of vandals....

What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity. For example,...

Definition A variance swap is an over-the-counter financial derivative that allows one to speculate on or hedge risks associated with the magnitude of movement, i.e....