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A poem that recounted the ambush of a detachment of Charlemagne's army at Roncevaux was the
Favorable
An accounting term referring to actual results being better than projected or budgeted figures, often used in the context of variances.
Unfavorable
A term often used in finance and accounting to describe a variance or outcome that leads to a worse financial position than expected.
Volume Variance
The difference between the budgeted volume of production or sales and the actual volume, indicating whether a business performed better or worse than expected.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate overhead costs to products or cost objects based on a relevant activity base.