Examlex
What was the purpose of making you read the passage that was presented in mirror image in your book?
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on a standard rate.
Variable Manufacturing Overhead
Costs that vary with the level of production output, such as utilities or raw materials.
Direct Labor-hours
The total time workers spend working directly on manufacturing goods, often used as a basis for allocating manufacturing overhead.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (standard) variable overhead based on the actual production level.
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