Examlex
Working memory includes subsystems that store and manipulate:
Variable Overhead Rate Variance
The difference between the actual variable overhead costs incurred and the standard cost allocated, indicating inefficiencies or cost control issues.
Favorable
A term used in accounting to describe a situation where actual costs are less than the budgeted or standard costs.
Unfavorable
A term used in variance analysis to describe a variance that leads to a decrease in profit compared to budgeted or standard costs.
Fixed Manufacturing Overhead
The portion of total manufacturing overhead costs that does not vary with the level of production or output.
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