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There is a paradox: the likelihood of helping someone in distress decreases as the number of potential helpers increases. This can be accounted for to some extent by:
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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