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Explain the terms metabolism,anabolism,and catabolism.Give an example of an anabolic process and a catabolic process.
Controllable Variance
The portion of variance that can be directly managed or influenced by a manager, often related to costs within a specific period.
Variable Overhead
Costs that fluctuate with the level of output or production activity, such as utilities for a manufacturing line.
Budgeted Variable Overhead
Estimated costs related to variable overhead that are planned or expected for a specific period in the budgeting process.
Volume Variance
A measure used in costing to indicate the difference between expected production volumes and the actual volumes produced, affecting costs.
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