Examlex
When constructing charts,the following is plotted at the class midpoints:
Fixed Factory Overhead Volume Variances
The difference between budgeted and actual fixed overhead costs, attributed to variations in production volume.
Normal Capacity
The average production or operating levels that a company can sustain under normal circumstances over a period.
Direct Materials Price Variance
The difference between the actual cost of direct materials and the standard cost, multiplied by the actual quantity purchased.
Units
A measure of quantity used to quantify the products, services, or resources dealt with in business operations.
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