Whats the Study to the Appropriate Description

question 17

Short Answer

whats the study to the appropriate description.
-Was stopped early on the basis that the risks had been found to outweigh the benefits

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Definitions:

Budgeted Variable Overhead

Estimated costs that vary with production volume, such as utilities or raw materials, not directly tied to labor or capital.

Overhead Efficiency Variance

The difference between flexible budgets using actual volume and standard volume. It is an estimate of the additional overhead incurred.