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Variable Overhead Efficiency Variance
A metric that shows the difference between the actual variable overhead costs incurred and the standard variable overhead costs expected for the achieved level of activity.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead costs incurred and the expected costs based on efficient use of resources.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead incurred and the standard cost of variable overhead allocated for the actual production level, often driven by efficiency in using the variable overhead resources.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard cost allocated, based on the actual amount of the allocation base used.
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