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As a punishment for occupying neighboring Cambodia, in 1979 China invaded
Actual Level
The real, measured level of output, performance, or activity experienced by an organization, as opposed to projected or estimated levels.
Occupancy Costs
Expenses related to occupying a physical space, including rent, utilities, and property taxes.
Flexible Budget
A flexible budget adjusts to changes in activity levels, providing a more useful comparison of actual to budgeted performance.
Spending Variance
The difference between the budgeted or planned amount of cost and the actual amount incurred.
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