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Variable Manufacturing Overhead
The portion of manufacturing overhead costs that varies directly with the volume of production, such as utilities for machinery.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead incurred and the standard cost of variable overhead allocated for the actual production achieved.
Variable Overhead Rate Variances
The difference between the actual variable overhead incurred and the standard cost allocated, based on actual production activity.
Indirect Labor
Costs associated with employees who are not directly involved in the production of goods or services, such as maintenance and clerical staff.
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