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Standard Fixed Manufacturing Overhead Rate
A predetermined rate used to assign fixed manufacturing overhead costs to products based on a consistent activity base.
Fixed Overhead Budget Variance
The difference between the actual fixed overhead costs incurred and the budgeted fixed overhead costs.
Actual Fixed Overhead Costs
Actual fixed overhead costs are the incurred expenses that do not vary with the level of production or sales, such as rent and salary of permanent staff.
Budgeted Fixed Manufacturing Overhead
The estimated total fixed costs required for the manufacturing process, planned in advance for a specific period.
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