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Theoretical Standard
A benchmark for the most efficient level of operating performance or cost control, assuming perfect conditions.
Fixed Overhead Volume Variance
The difference between the budgeted and actual overhead costs due to variations in production volume.
Machine Breakdowns
Unplanned events where machinery or equipment fails to function correctly, leading to production delays, increased maintenance costs, and potential operational losses.
Increase In Utility Costs
A rise in the expenses associated with utilities such as electricity, water, and gas consumed by a business or individual.
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