(Solved) Match the following terms to the appropriate statement by placing the letter to the left of each ...

Match the following terms to the appropriate statement by placing the letter to the left of each statement.

Direct labor efficiency variance

Sales price variance

Direct labor rate variance

Sales volume variance

Direct material quantity variance

Static budget variance

Fixed overhead spending variance

Variable overhead efficiency variance

Flexible budget variance

Variable overhead spending variance

______

.The difference between actual results and budgeted results.

______

.Caused by using more or less material than the standard quantity allowed for

actual production.

______

.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.

______

.Result of the difference between the actual sales price and the

budgeted sales price.

______

.The difference between actual fixed overhead cost and budgeted

fixed overhead costs.

______

.The difference between the actual results and the flexible budget.

______

.Arises when the actual wage rate differs from the standard wage rate.

______

.Captures the effect of efficient use of the activity base on the cost of

variable overhead.

______

.Caused by using more or less direct labor than the standard allowed.

______

10.

Difference between the flexible budget and the static budget.

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Match the following terms to the appropriate statement by placing the letter to the left of each ...