Final answer:
A budget variance report presents overhead variance information along with variances from budgeted amounts. It helps analyze the differences between actual and budgeted amounts for overhead expenses.
Step-by-step explanation:
The report which presents overhead variance information along with variances from budgeted amounts is called a budget variance report. This report helps analyze the differences between actual and budgeted amounts for overhead expenses. It provides details on the specific variances, such as unfavorable or favorable variances, allowing management to understand the reasons behind the variations and take appropriate corrective actions.