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Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected variable overhead based on standard costs.
Labor Rate Variance
The difference between the actual labor rate paid and the standard or expected labor rate, impacting the total cost of production.
September
September, as identified in the Gregorian calendar system.
Materials Quantity Variance
The difference between the actual amount of materials used in production and the expected amount, which can indicate efficiency or waste in the use of raw materials.
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