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Which of the following statements is false?
Volume Variance
A financial term that represents the difference between the budgeted and actual volume of production, affecting costs and operational efficiency.
Volume Variance
The difference between the budgeted volume of production or sales and the actual volume, affecting revenue or costs.
Fixed Overhead
Costs that remain relatively constant regardless of the level of production or business activity, such as rent, salaries, and utilities.
Overhead Cost Variance
The difference between the actual overhead costs incurred and the standard overhead costs expected for a certain level of operation.
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