Examlex
Engineers can find the location of any receiving station to within 50 feet by __________,using the distance from a GPS to three satellites to make the computation.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard variable overhead estimated.
Variable Overhead Efficiency Variance
The difference between the actual hours taken to produce a good and the standard hours expected, multiplied by the variable overhead rate.
Favorable
A term often used in financial and operational reporting to indicate better-than-expected performance or results.
Unfavorable
A situation or condition that is disadvantageous, harmful, or detrimental, often used in financial contexts to describe variances or outcomes that negatively impact performance.
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