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Describe how to take effective notes by using the LISAN method.
Vehicle Operating Cost
The recurring expenses associated with using a vehicle, including fuel, maintenance, insurance, and depreciation.
Snow-Day
Typically refers to a day on which work or school is canceled due to excessive snowfall or hazardous weather conditions.
Activity Variance
The discrepancy between budgeted activity levels and actual activity levels, impacting the allocation of overhead costs.
Other Expenses
Costs not directly related to core business operations, including interest payments or losses from selling assets.
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