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The time factor is an important consideration in legal writing.Sometimes you will be required to submit writings to a court by a certain date, which:
Rate Variance
The difference between the actual rate paid for an item or service and the expected (standard) rate, used in budgeting and cost control.
Budget Variance
A measurement of the difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred/sold.
Predetermined Overhead Rate
An estimated charge used to distribute overhead costs to products or projects, based on an expected standard, allowing for cost allocation before actual expenses are known.
Variable Component
The portion of costs or expenses that varies directly with changes in production volume or business activity.
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