Match the following terms to the appropriate statement by placing the letter to the left of each statement.
| a. | Direct labor efficiency variance | f. | Sales price variance |
| b. | Direct labor rate variance | g. | Sales volume variance |
| c. | Direct material quantity variance | h. | Static budget variance |
| d. | Fixed overhead spending variance | i. | Variable overhead efficiency variance |
| e. | Flexible budget variance | j. | Variable overhead spending variance |
| ______ | 1 | .The difference between actual results and budgeted results. |
| ______ | 2 | .Caused by using more or less material than the standard quantity allowed for |
| ______ | 3 | .The difference between the actual cost of variable overhead items |
| | and the amount of variable overhead that is expected to be incurred |
| | at the actual level of activity. |
| ______ | 4 | .Result of the difference between the actual sales price and the |
| ______ | 5 | .The difference between actual fixed overhead cost and budgeted |
| ______ | 6 | .The difference between the actual results and the flexible budget. |
| ______ | 7 | .Arises when the actual wage rate differs from the standard wage rate. |
| ______ | 8 | .Captures the effect of efficient use of the activity base on the cost of |
| ______ | 9 | .Caused by using more or less direct labor than the standard allowed. |
| ______ | 10. | Difference between the flexible budget and the static budget. |