$11.(6$ points$)$ Match the terms on the left with its definition on the right. Place the letter found at the

left of the Definition on the line to the left of the correct Term that matches the Definition. There is

only one correct answer for each Term, select the Definition you believe to be most correct.

Term Definition

$\_\_\_\_\_\_$ Flexible Budget

A$.$ The cost that should be

incurred for an activity.

$\_\_\_\_\_\_$ Sales Volume Variance

B$.$ Actual overhead cost and

overhead costs based on

output.

$\_\_\_\_\_\_$ Standard Cost C$.$ Reflects maximum

efficiency.

$\_\_\_\_\_\_$ Overhead Flexible Budget

Variance

D$.$ Adjusts revenues and costs

to reflect varying levels of

output activity.

$\_\_\_\_\_\_$ Overhead Spending

Variance

E$.$ The difference between the

flexible budget amount and

the master budget amount.

$\_\_\_\_\_\_$ Ideal Standard

F$.$ Actual overhead cost and

overhead costs based on

inputs.