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does NOT affect behavior consciously.
Variable Overhead Cost Variance
The difference between the actual variable overhead costs incurred and the standard costs expected for the actual production level.
Direct Labor Cost Variance
The difference between the budgeted cost for direct labor and the actual cost incurred, used as a measure of performance efficiency.
Flexible Budgets
Budgets that adjust or flex based on changes in the volume of activity, allowing for more effective financial control.
Fixed Budgets
A financial plan that does not change, regardless of any variations in business activity levels.
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