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Variable Costs
Costs that vary directly with the level of production or business activity.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, or insurance premiums.
Sales Volumes
The quantity or number of products sold or services rendered in a particular period of time.
Variable Overhead Cost Variance
The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on the actual level of activity.
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