Examlex
Match the combining forms with their meanings.
-dull, dim
Variable Overhead Efficiency Variance
The difference between the actual and the standard (or expected) variable overhead costs based on the efficient use of the variable inputs.
Variable Overhead
Costs of indirect production materials or services that fluctuate with the level of production activity, such as utilities for a factory.
Direct Labor-hours
The amount of labor time spent by workers directly involved in the manufacturing process, restated as "The quantity of labor time directly utilized in producing goods."
Variable Overhead Efficiency Variance
The difference between the actual variable overhead based on the standard cost and the variable overhead applied to production based on actual activity levels.
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