Examlex
______ is a technique in which information is very briefly presented and then used a short time later for some other task.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on activity levels.
Favorable
A term used in accounting and finance to describe outcomes or variances that are better than anticipated, indicating a positive performance against the budget or forecast.
Unfavorable
A term used to describe a variance or outcome that results in a worse financial position than expected or budgeted.
Labor Rate Variance
The difference between the actual labor costs incurred and the expected (or standard) labor costs, often due to paying a higher or lower wage rate than planned.
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