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Solve the equation.
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Inputs
Resources used in the production process, including raw materials, labor, and overhead costs.
Outputs
Outputs are the goods or services produced by a company or an economic system as a result of its inputs and processes.
Controllable Variance
The portion of variance that can be directly managed or influenced by a manager, often related to costs within a specific period.
Variable Overhead
Costs that fluctuate with the level of output or production activity, such as utilities for a manufacturing line.
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