Examlex
The mechanistic organization emphasizes flexibility and is less rigid than the organic structure.
Favorable
A term often used in budgeting and financial reporting to indicate results that are better than expected or budgeted.
Unfavorable
A term often used in accounting and finance to describe a situation or variance that results in a worse-than-expected financial outcome.
Total Actual Cost
The complete amount spent on a project or production, including direct and indirect costs up to the current point in time.
Variable Overhead Spending Variance
The difference between the actual variable overhead incurred and the standard variable overhead allocated to the actual production achieved.
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