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Fixed Factory Overhead Volume Variances
The differences between the budgeted and actual fixed overhead costs, attributed to variations in the volume of production.
Inventory Levels
The quantity of goods or materials on hand at any given time within a business.
Additional Production
Extra units of output generated beyond the original production plan or schedule.
Factory Overhead Cost Variance Report
Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.
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