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Activity Variance
The difference between planned or budgeted cost and actual cost in activity-based costing, indicative of operational efficiency.
Administrative Expenses
Expenses that are not directly tied to the production of goods or services, such as salaries of office workers, rent, and utilities.
Tenant-Days
A measure used in the hospitality or rental industry, referring to the total number of days that units are occupied by tenants.
Activity Variance
The difference between the budgeted cost and actual cost attributed to changes in the level of activity.
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