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In the four frameworks approach to the research process the third framework is the analytical framework.
Variable Overhead Efficiency Variance
A financial metric indicating the difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on the efficient use of variable inputs.
Variable Manufacturing Overhead
Costs that fluctuate with the level of production output, such as utilities or materials that vary with production volumes.
Direct Labor-hours
The total amount of time spent by workers directly involved in the manufacturing of a product.
Variable Overhead Standards
The budgeted or standard costs associated with variable overheads, which are expected to change in proportion to different levels of production activity.
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