Examlex
If you are driving negligently and run off the road and hit a person on the sidewalk, the rule of res ipsa loquitur is likely not to apply.
Variable Overhead Efficiency Variance
The difference between the actual variable overheads incurred and the standard variable overheads expected for the actual production, due to efficiency.
February
The second month of the year in the Gregorian calendar, typically consisting of 28 days, or 29 in leap years.
Standard Hours Allowed
The predetermined amount of time expected to be required to produce a certain quantity of output under normal working conditions.
Actual Output
The real quantity of goods or services produced by a business during a specific period, as opposed to planned or potential output.
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