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Produced
Refers to the quantity of goods or services created by a company during a specific time period.
Predetermined Overhead Rate
A rate calculated before a period begins, used to apply manufacturing overhead costs to products based on a specified activity base.
Variable Overhead
Costs that fluctuate with the level of production or service delivery, such as utilities or raw materials.
Total Overhead Variance
The difference between the actual overhead incurred and the standard overhead allocated for the actual production achieved.
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