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Activity Variance
The difference between the budgeted cost of activities and the actual cost incurred.
Fixed Cost
Costs that do not vary with the volume of production or sales, remaining constant regardless of the level of business activity.
Wages And Salaries
Compensation paid to employees for their labor, including both hourly wages and fixed salaries.
Activity Variance
A measure used in budgeting and accounting to compare actual activity levels to predetermined expectations or standards.
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