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The fundamental form of system software is the operating system.
Variable Manufacturing Overhead
Costs that fluctuate with the level of production, such as utilities or indirect materials, but are still related to the manufacturing process.
Machine-Hour
A unit of measure representing an hour of operation of a machine, used in calculating manufacturing costs and overhead rates.
Fixed Manufacturing Overhead
Costs associated with the production process that do not vary with the volume of production, such as factory rent.
Variable Overhead Efficiency Variance
The difference between the actual variable overheads incurred and the standard cost of those overheads for the actual production level.
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