Examlex
An examples of external economic data required for project analysis includes which of the following?
Overhead Controllable Variance
Overhead Controllable Variance refers to the difference between the actual indirect operational expenses incurred and the budgeted or expected overhead costs that could be influenced by management decisions.
Total Overhead Variance
The difference between the actual overhead incurred and the standard overhead assigned to production.
Overhead Variances
The difference between actual overhead costs and the standard (or expected) overhead costs for a period.
Standard Costing System
An accounting system that uses standard costs instead of actual costs for recording costs of inventory and cost of goods sold, tracking variances.
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