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Factor the following expression:
Spending Variance
is the difference between the budgeted amount of expenses and the actual amount spent.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, allowing for better performance evaluation.
Indirect Materials
Materials used in the production process but not directly traceable to a finished product, such as lubricants for machinery.
Spending Variance
The difference between the budgeted or planned amount of expense and the actual amount spent.
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