Examlex
A stakeholder is an individual or group that has an interest in a given issue.
Denominator Level
In cost accounting, it refers to the standard quantity or activity used in calculating the predetermined overhead rate.
Variable Overhead Rate
The rate at which variable overhead costs are allocated to products, changing with the level of production.
Efficiency Variance
A measure in cost accounting that calculates the difference between the actual quantity of input used and the standard amount expected to be used, multiplied by the standard price.
Budget Variance
The difference between budgeted or planned financial performance and the actual performance.
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