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Locate the local minimum of the function.
Actual Overhead Costs
The real expenses incurred in the manufacturing process that are not directly tied to production, such as utilities and rent for factory space.
Overhead Variances
Differences between the actual overhead costs incurred and the standard costs for the overheads that were budgeted for a period.
Controllable
Controllable usually refers to expenses or costs that can be managed or influenced by decisions made by a company or an individual.
Volume
Refers to the amount of an asset or security that changes hands over a set period of time, commonly used in financial markets to gauge trading activity and liquidity.
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