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Activity Variance
The difference between planned activity costs and actual activity costs in managerial accounting, used for budget control and performance evaluation.
Fixed Cost
Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance premiums.
Variable Cost
Expenditures that fluctuate with production output, including ingredients, packaging, and labor directly involved in production.
Vehicle Operating Cost
Expenses related to the operation of a vehicle, including fuel, maintenance, and repairs.
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