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As discussed in Chapter 25, it is important to sanction juveniles for delinquent behaviors. States can increase the effectiveness of such sanctioning by:
Budget Variance
The variance between what was expected to be spent or earned, according to the budget, and the real amount that was spent or received.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to individual products or job orders, based on a specific activity base, such as labor hours or machine hours.
Fixed Component
The portion of total costs that remains unchanged regardless of the level of production or business activity.
Variable Overhead Rate
The cost of indirect manufacturing expenses that fluctuate with production volume, calculated per unit of activity or base.
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