Examlex
________ is reassessing and recording findings of the reassessment so they can be compared to earlier findings.
Variable Overhead Spending Variance
The difference between the actual variable overheads incurred and the standard costs expected for the actual production level achieved.
Unfavorable
A term describing a situation or outcome that is negative or disadvantageous, often used in financial contexts.
Favorable
A term used in accounting and finance to describe results or variances that are better than expected or budgeted, indicating positive performance.
Variance Analysis
The process of analyzing the differences between budgeted and actual financial performance.
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