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Sam is 6 years old and has been diagnosed with ADHD based in part on observations that he cannot sit still in class, blurts out answers without raising his hand, forgets his homework, and has difficulty completing tasks. Some of his classmates also occasionally forget their homework or blurt out answers but have not been diagnosed with ADHD. This illustrates that __________.
Variable Manufacturing Overhead Standards
Pre-established rates or quantities that are used to assign variable overhead costs to products based on levels of activity such as labor or machine hours.
Variable Overhead Rate Variance
The variance between the actual variable overhead costs that were incurred and the anticipated variable overhead calculated according to the real amount of activity.
Supplies Cost
The expense incurred to acquire supplies necessary for the production of goods or the operation of a business.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead costs incurred and the expected variable overhead costs based on standard cost accounting practices.
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