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You are a reporter for your college newspaper and planning ahead for some columns for a weekly Internet column. The only questions you ever get are about one or two search engines and your experience tells you that few of your fellow students know anything about subject guides. You decide to make notes about what you would like to cover. Record the information you provide when you describe portals to your readers.
Activity Variance
The difference between the budgeted amount of activity and the actual amount of activity.
Manufacturing Overhead
All manufacturing costs that are not direct materials or direct labor, including expenses such as rent, utilities, and equipment depreciation.
Cost Formula
An equation used to calculate the total costs involved in the production of goods or services, incorporating both fixed and variable components.
Flexible Budget
An adaptable budget that shifts based on variations in activity or volume.
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