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Termeer Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for August:
The variable overhead rate variance for the month is closest to:
Cash Available
Refers to funds that a company or individual can immediately use or access for payments, investments, or other financial needs.
Disbursements
Payments made by a business, often involving cash outflows for operating expenses, acquisitions, or investments.
Ending Cash Balance
The amount of cash a company has at the end of a given period, reflecting all cash inflows and outflows during that period.
Cash Disbursements
Outflows of cash for various purposes, including operating expenses, asset purchases, and other business activities.
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