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Activity Is Higher
A state indicating increased levels of operations or actions in a given context.
Variable Overhead Efficiency Variance
The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, multiplied by the variable part of the predetermined overhead rate.
Insufficient Demand
A situation where the quantity of a product or service desired by consumers is less than what is supplied in the market.
Excessive Inventories
A situation where a company holds more stock than what is effectively required, leading to increased storage costs and possible obsolescence.
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