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FOH Budget Variance
The difference between the budgeted factory overhead costs and the actual overhead costs incurred.
FOH Volume Variance
The difference between the budgeted fixed overhead and the applied amount based on the actual activity level.
Fixed Manufacturing Overhead
Costs that do not vary with the level of production or sales, including rent, depreciation, and salaries of certain employees in a manufacturing facility.
Standard Cost Variances
The differences between the actual costs incurred and the standard costs against which they are measured, often analyzed for materials, labor, and overhead.
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