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Any attempt to improve managerial performance by imparting knowledge, changing attitudes, or enhancing skills, is called
Variable Overhead
Costs that change in proportion to the activity or volume of production but are not directly associated with the production of a specific unit, such as utilities.
Direct Labour Hours
The total hours worked by employees that are directly involved in the production process.
Factory Overhead Rate
A calculation used to assign manufacturing overhead costs to individual units of production, based on a certain activity base.
Flexible Budget
A budget that adjusts to changes in the volume of activity, allowing for better comparison with actual costs.
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