Examlex
_________________ refer to the basic entitlements and protections that should be given to every person.
Budget Variance
Budget Variance is the difference between what was budgeted or planned for a particular period and what was actually spent or received.
Variable Overhead
Costs that vary in direct proportion to changes in levels of production or activity, such as materials and labor.
Rate Variance
The difference between the actual rate paid for something and the expected or standard rate, often used in budgeting and accounting.
Standard Machine-Hours
The predetermined amount of machine time expected to be used for a specific process or production activity, used for costing and efficiency measures.
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