Match each term to the correct definition.

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Part $1$

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Definitions

Terms

$1.$

A summarized budget for several levels of volume that separates variable costs from fixed costs.

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$2.$

A budget prepared for only one level of sales.

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$3.$

The difference between an actual amount and the budgeted amount.

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$4.$

The difference arising because the company actually earned more or less revenue, or incurred more or less cost, than expected for the actual level of output.

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$5.$

The difference arising only because the number of units actually sold differs from the static budget units.

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