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Graph the ellipse.
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Overhead Volume Variance
A measure of the difference between the estimated and actual overhead costs, due to changes in production volume.
Controllable Costs
Expenses that a manager or business can influence or regulate, such as marketing costs or raw material purchases.
Fixed Costs
Business expenses that remain constant regardless of production volume, such as rent or salaries.
Total Overhead Variance
The difference between the actual overhead costs incurred and the standard or budgeted overhead costs anticipated for a particular period.
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