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Tickling yourself is not the same as someone else tickling you, because when someone else tickles you
Fixed Overhead
Costs that do not vary with the level of production or sales, including rent, salaries, and insurance expenses.
Unfavorable Variance
A situation where actual results are worse than expected results, often indicating higher costs or lower revenues than planned.
Favorable Variance
A financial term indicating that actual costs were lower than the planned or standard costs in a budget.
Budgeted Amount
The total amount of money that has been allocated for a specific purpose or period of time.
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