Examlex
Data entered in a query is actually stored in the underlying table(s).
Job Order Cost System
A cost accounting system in which costs are assigned to each job or batch.
Overhead Volume Variance
The difference between the expected (budgeted) and actual overhead costs attributed to a change in production volume.
Normal Capacity
The average level of operational output that can be sustained over a period under normal conditions, taking into account regular downtime and maintenance.
Standard Costs
Standard costs are predetermined or estimated prices used to measure the efficiency of operations and the performance of a company against set benchmarks.
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