Examlex
What is the explanation for why B cells come in so many different types that can produce so many different antibodies?
Variable Overhead Efficiency Variance
Variable overhead efficiency variance is the difference between the actual and budgeted variable overhead cost based on the efficient utilization of resources.
Direct Labor-hours
The amount of labor hours that can be directly attributed to the production process, serving as a basis for allocating manufacturing overhead costs in some costing systems.
Variable Manufacturing Overhead Standards
Pre-set rates used to allocate variable overhead costs to individual units of production based on expected usage criteria, such as labor hours.
Variable Overhead Efficiency Variance
A measure in cost accounting showing the difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on the actual hours worked.
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