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Service Department Expenses
Costs incurred by support departments within an organization, like HR and maintenance, which do not directly contribute to revenue but are necessary for operations.
Budget Performance Report
A financial report that compares actual financial results to the budgeted amounts for a specific period to assess performance.
Significant Variances
Large or meaningful differences between planned and actual figures in budgeting or accounting, requiring investigation.
Over Budget
Over budget refers to a situation where actual spending exceeds the planned or allocated amount for a particular budget category.
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