Examlex
"Kappa" is a measure of interrater reliability that describes
Machine Hour
A measure of the operating time of a machine, used in costing to allocate expenses based on machine use.
Variable Overhead
Costs that vary in direct proportion to changes in a firm's level of activity, such as utilities or raw materials.
Spending Variance
The difference between the actual amount spent in producing a certain number of units and the budgeted or standard amount expected to be spent.
Variable Overhead
The portion of overhead costs that varies directly with production volume, such as raw materials and labor hours.
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