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Simplify the numerical expression below.
Variable Overhead Efficiency Variance
A calculation that shows the cost impact of the difference between the actual and expected efficiency in using variable overhead resources in production.
Relevant Information
Data that can influence a decision-making process because it is pertinent and has a bearing on the situation.
Actual Results
The real outcomes achieved by an organization, which can be measured and compared against its goals or forecasts.
Planned Activities
Predefined actions or strategies set by an organization in pursuit of its objectives.
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