Examlex
Upward communications flows from upper to lower organizational levels.
Variable Overhead
Overhead costs that fluctuate with the level of production output, such as utilities for machinery or costs for raw materials.
Direct Labour Hour
A measure of the amount of time a worker spends on direct production activities.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels within a business.
Volume Variance
The difference between the expected volume of production or sales and the actual volume, affecting budget and performance analysis.
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