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Two-Variance Analysis
An analytical technique in managerial accounting where variances between expected and actual performance are divided into a volume variance and a rate or efficiency variance.
Overhead Controllable
Expenses incurred in the running of a business that management can directly influence or control, such as supplies and advertising.
Overhead Volume
Overhead Volume refers to the level of overhead costs that correlate with the level of production or activity in a company.
Variance Reports
Reports that analyze the difference between planned figures and actual figures for a particular metric, helping management understand performance discrepancies.
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