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Fixed Factory Overhead Volume Variance
A measure in management accounting that analyzes the difference between the budgeted and actual volume of production, affecting fixed overhead costs.
Standard Factory Overhead Rate
A predetermined rate used to allocate manufacturing overhead to individual units of production, based on a standard cost system.
Machine Hour
A unit of measure indicating the operating time of a machine, typically used in costing and operational efficiency calculations.
Normal Capacity
The production level expected to be achieved under normal conditions by a company, taking into account seasonal and cyclical demands.
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