Examlex
The two complementary processes involved in attention are focusing on certain stimuli and filtering out other information.
Standard Rate
A predetermined cost or price that is used for calculating variances, budgeting, or setting product prices.
Variable Overhead
The portion of overhead costs that varies directly with production volume.
Variable Overhead Rate Variance
The variance between the expected variable overhead according to standard cost and the actual variable overhead costs incurred.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead costs and the standard cost of variable overheads for the actual production units.
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