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Electrical Motor
A device that converts electrical energy into mechanical energy, commonly used in various applications to drive machinery.
Fixed Manufacturing Overhead
This refers to the consistent costs associated with the manufacturing process that do not vary with the level of production, such as salaries of managers and depreciation of factory equipment.
Overapplied
A situation where the allocated manufacturing overhead cost is greater than the actual overhead incurred.
Volume Variance
A measurement of the difference between the expected volume of production and the actual volume produced, impacting costs.
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