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Leading questions allow respondents to decide upon answers without pressure from questioners.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead incurred and the expected (or standard) amount based on efficient operations.
Standard Costing System
A cost accounting system that uses cost estimates for material, labor, and overhead to calculate a standard cost for products.
Variable Manufacturing Overhead
Manufacturing costs that vary in direct proportion to changes in production volume, such as utilities and indirect materials.
Machine-hours
A measure of production output based on the number of hours machines are operated within a given period.
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