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When developing Binet's intelligence scale,it was assumed that children with an intellectual disability would perform like normal children of a younger age.
Controllable Variance
Controllable Variance is the difference between actual spending and budgeted amounts that management could control or influence directly.
Variable Overhead
Costs that vary with production output, such as utilities or raw materials, but are not directly tied to a specific unit of production.
Operating Results
The financial outcomes achieved from a company's core business operations.
Variable Factory Overhead
Costs of production that fluctuate with the level of output, including utilities and materials not directly tied to a product's manufacture.
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