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Identify the surface .
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard variable overhead expected, based on the actual activity level.
Variable Overhead
Indirect, fluctuating costs that change with the level of production or organizational activity.
Direct Labor-hours
The aggregate amount of time spent by staff directly participating in the production process or in service provision.
Variable Overhead Efficiency Variance
A financial metric indicating the difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on the efficient use of variable inputs.
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