Examlex
Match each of the following terms with its corresponding definition.
-The way a system actually works.
Unfavorable
A term used in variance analysis to describe a variance that leads to a decrease in profit compared to budgeted or standard costs.
Fixed Manufacturing Overhead
The portion of total manufacturing overhead costs that does not vary with the level of production or output.
Budget Variance
The difference between budgeted and actual figures for revenues or costs, indicating the degree of control over business operations.
Budget Variance
The difference between the budgeted amounts and the actual amounts spent or received.
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