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Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected overhead based on standard costs.
November
The eleventh month of the Gregorian calendar, following October and preceding December.
Variable Overhead Efficiency Variance
The difference between the expected and actual variable overhead costs, based on the efficient use of production resources.
Variable Overhead Efficiency Variance
The difference between the budgeted and actual variable overhead costs, attributable to differences in the efficiency of utilizing resources.
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