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In which of the following situations could an employee's performance issues be attributed to external factors?
Planning Budget
A budget established at the beginning of the budgeting period that is valid only for the planned level of activity.
Net Operating Income
A financial metric that calculates a company's profit after operating expenses are subtracted but before income taxes and interest are deducted.
Variable Manufacturing Overhead
Costs in manufacturing that vary with the level of production output, such as utilities or indirect material costs, but do not include direct materials or direct labor.
Labor Efficiency Variance
The difference between the actual hours worked and the expected hours worked, multiplied by the standard hourly labor rate.
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