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Industries that are not closely related to business cycles include:
Variable Overhead Rate
The rate at which variable overhead costs are allocated to products based on an activity base, such as machine-hours or direct labor-hours, reflecting changes in cost with production volume.
Fixed Manufacturing Overhead
Costs related to the production process that remain constant regardless of the production volume, such as rent and salaries of managers.
Selling and Administrative Expense
The aggregated total of all expenses associated with selling a company's products and services, as well as managing the day-to-day operations.
Variable Expense
Costs that vary in direct proportion to changes in levels of activity or production volume.
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