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blakenordgaard blakenordgaard
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2 months ago
Match the following terms to the appropriate statement by placing the letter to the left of each statement.

a.Direct labor efficiency variancef.Sales price variance
b.Direct labor rate varianceg.Sales volume variance
c.Direct material quantity varianceh.Static budget variance
d.Fixed overhead spending variancei.Variable overhead efficiency variance
e.Flexible budget variancej.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
​actual production.
______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
​budgeted sales price.
______5.The difference between actual fixed overhead cost and budgeted
​fixed overhead costs.
______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
​variable overhead.
______9.Caused by using more or less direct labor than the standard allowed.
______10.Difference between the flexible budget and the static budget.
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Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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angfuciousangfucious
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More solutions for this book are available here
1.h — Static budget variance
2.c — Direct materials quantity variance
3.j — Variable overhead spending variance
4.f — Sales price variance
5.d — Fixed overhead spending variance
6.e — Flexible budget variance
7.b — Direct labor rate variance
8.i — Variable overhead efficiency variance
9.a — Direct labor efficiency variance
10.g — Sales volume variance
1

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blakenordgaard Author
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2 months ago
This helped my grade so much Perfect
nicolepope23
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This calls for a celebration Person Raising Both Hands in Celebration
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