Match the given term with the correct definition.

- A. B. C. D. E. F. G. H. I. J. K. L.	Capital Expenditures Budget
- A. B. C. D. E. F. G. H. I. J. K. L.	Rolling Budget
- A. B. C. D. E. F. G. H. I. J. K. L.	Budgeted Balance Sheet
- A. B. C. D. E. F. G. H. I. J. K. L.	Standard Costs
- A. B. C. D. E. F. G. H. I. J. K. L.	Cost Variance
- A. B. C. D. E. F. G. H. I. J. K. L.	Flexible Budget
- A. B. C. D. E. F. G. H. I. J. K. L.	Overhead cost variance
- A. B. C. D. E. F. G. H. I. J. K. L.	Controllable Variance
- A. B. C. D. E. F. G. H. I. J. K. L.	Volume variance
- A. B. C. D. E. F. G. H. I. J. K. L.	Price variance
- A. B. C. D. E. F. G. H. I. J. K. L.	Quantity variance
- A. B. C. D. E. F. G. H. I. J. K. L.	Fixed Budget

A.	A budget based on single amount of forecasted sale or production volume.
B.	The difference between the actual quantity and standard quantity of material that should have been used in a production process.
C.	A financial statement that shows the company's estimated asset, liability and equity value based on budget information.
D.	Budget that lists estimated expenditures for the purchase of additional plant assets.
E.	The difference between actual overhead costs and standard overhead costs applied to work in process
F.	The difference between actual and standard costs.
G.	Preset costs for direct materials and direct labor based on normal usage.
H.	A variance between actual and applied overhead costs due to a difference in actual versus estimated production volume.
I.	A budget that is continuously revised by adding new quarterly budgets as time passes.
J.	The portion of total overhead variance that is considered to be under management's control.
K.	The difference between the actual price per unit and the standard price per unit of direct material.
L.	A budget showing costs based on different levels of sales or manufacturing volume.

Claremont Company specializes in selling refurbished copiers. During the month, the company sold 180 copiers for total sales of $540,000. The budget for the month was to sell 175 copiers at an average price of $3,200. The sales price variance for the month was:

		$20,000U
		$30,000F
		$32,000F
		$36,000U

Claremont Company specializes in selling refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were

		$540,000
		$560,000
		$576,000
		$525,000

Which department is often responsible for the direct materials price variance?

		The finance department
		The purchasing department
		The accounting department.
		The production department