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Sociologists study information systems with an eye to understanding
Volume Variance
The difference between the budgeted and actual volume of production, affecting the budgeted levels of costs or revenues.
Budgeted
The process of creating a plan for a company's financial operations, encompassing revenue, expenses, and capital usage.
Direct Labor-Hours
A measure of the total hours worked by employees who are directly involved in the manufacturing or production process.
Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that remain constant regardless of the level of production, such as rent and salaries of permanent staff.
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