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An operating characteristic (OC) curve describes:
Spending Variance
The difference between the actual amount spent in a budget category and the amount that was originally budgeted, indicating over or under-spending.
Customers Served
Refers to the total number of customers who have been provided with a service or product within a specific time frame.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a particular period or item.
Actual Level
The real, measured level of production, performance, or activity, as opposed to planned or theoretical levels.
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