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Normal Capacity
Normal capacity is the expected production output or service level that a company can achieve under normal conditions, considering limitations such as time and resources.
Fixed Overhead Volume Variance
The difference between the budgeted and actual quantity of units produced, multiplied by the fixed overhead rate per unit.
Sales Orders
Formal documents issued by a buyer to a seller authorizing the sale of a specific quantity of goods at a specified price, which upon acceptance, becomes a contract.
Machine Breakdowns
Situations when industrial or office machinery stops functioning due to mechanical failure, necessitating repair or replacement.
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