Examlex
"At the end of my speech,my audience will be able to list the three different types of Reggae music." This statement is an example of a
Budget Variance
The difference between budgeted figures for revenue or spending and the actual amounts incurred.
Machine-Hours
A measure of production time, calculated by the number of hours machines are operating as part of the manufacturing process.
Actual Output
The actual quantity of goods or services produced by a company within a specified timeframe.
Variable Overhead Rate
The ratio of variable overhead costs to an activity base such as units produced or direct labor-hours, used for costing purposes.
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