Match each definition with its related term by selecting the appropriate term in the dropdown provided. Term Definition 1. Actual Accounting System 2. Direct Labor Efficiency Variance 3. Direct Labor Rate Variance An accounting system that records all actual amounts after the expense has occurred. The difference between actual labor hours and standard labor hours multiplied by the standard labor rate. The difference between the actual rate and the standard rate multiplied by the actual labor hours used. Standards that are tight but are used to motivate individuals to work hard and achieve results. An accounting system that records all direct materials and direct labor at actual amounts, while assigning manufacturing overhead costs using predetermined overhead rates. 4. Direct Materials Price Variance 5. Direct Materials Spending Variance 6. Ideal Standard 7. Normal Cost System 8. Standard Cost System 9. Unfavorable Variance 10. Variance Difference between actual and planned results