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Major calyces are
Accounting Period
A specific and standard duration of time (such as a month, quarter, or year) during which accounting records are kept and financial statements are prepared.
Immaterial Variances
Small or insignificant differences between budgeted and actual figures that are not considered important enough to analyze in detail.
Fixed Overhead Variance
The difference between actual fixed overhead costs and the expected (or budgeted) fixed overhead costs.
Volume Variance
A financial term that represents the difference between the expected (budgeted) volume of production or sales and the actual volume achieved.
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