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We decipher where objects are with the:
Overhead Controllable Variance
The difference between the actual overhead incurred and the overhead that management expected or budgeted for, which is within their control.
Budgeted Costs
Estimated expenses planned for a set period of time, forming the basis of a budget for managing a business's or project's financial resources.
Materials Price Standard
Pre-determined cost at which materials should be bought, used for budgeting and assessing purchasing performance.
Purchasing Department
A specialized division within a company responsible for acquiring goods and services that the company needs to operate.
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