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Overhead Efficiency Variance
A measure used in cost accounting to analyze the difference between the budgeted overhead costs and the actual overhead costs based on efficient use of resources.
Actual Outputs
The real, measurable production or work results achieved by a company or an individual, often compared to planned or expected outputs.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels, allowing for more accurate financial planning.
Variable Costs
Expenses that change in proportion to the activity of a business.
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