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The downfall of DNA is that it can be used to identify a criminal only within a year after the crime was committed.
Budget Variance
The financial difference between the budgeted amount and the actual amount spent or received.
Standard Cost System
An accounting method that assigns preset costs to products and services, which are then compared to actual costs incurred.
Predetermined Overhead Rate
A calculated rate designed to assign estimated indirect manufacturing costs to products or services, based on a planned activity level.
Fixed Component
A portion of total costs that does not change with the level of activity or production volume, such as rent or salaries.
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