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Define civilianization and discuss the reasons for it.
Quantity Variance
A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have been used for the actual level of output and multiplying the result by the standard price of the input.
Standard Quantity
This refers to the predefined amount of materials or labor deemed necessary to produce a single unit of a product under normal operations.
Actual Quantity
The real number of units used or produced, as opposed to planned or estimated quantities.
Overhead Budget
An estimation of all overhead costs for a period, helping businesses plan how much they need to spend on indirect costs.
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