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Explain Why There Is No Efficiency Variance for Fixed Manufacturing

question 152

Essay

Explain why there is no efficiency variance for fixed manufacturing overhead costs.


Definitions:

Sustainability

The capacity to maintain or sustain a process or situation over time, often relating to environmental, social, and economic factors.

Natural Resources

Naturally occurring materials or substances that can be exploited for economic gain, such as minerals, forests, water, and fertile land.

Future Generations

The people who will live in the future, for whom current generations may hold ethical responsibilities.

Disruptive Innovation

An innovation that significantly alters the way that businesses operate, often displacing established market leaders and creating new industry standards.

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