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Net Operating Income
The income generated from normal business operations after subtracting operating expenses but before interest and taxes.
Spending Variance
The discrepancy between the budgeted or planned amount of expense and the actual amount spent, often analyzed to understand financial performance.
Materials
The raw goods and components used in the manufacturing or production process to create final products.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a specific period.
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