Question: Match the term with its corresponding definition. - A. B. C. D. E. F. G. H. I. J. Revenue Price Variance - A. B. C.

  1. Match the term with its corresponding definition.
- A. B. C. D. E. F. G. H. I. J.

Revenue Price Variance

- A. B. C. D. E. F. G. H. I. J.

Budget Performance Report

- A. B. C. D. E. F. G. H. I. J.

Volume Variance

- A. B. C. D. E. F. G. H. I. J.

Controllable Variance

- A. B. C. D. E. F. G. H. I. J.

Ideal Standards

- A. B. C. D. E. F. G. H. I. J.

Direct Labor rate Variance

- A. B. C. D. E. F. G. H. I. J.

Direct Materials Price Variance

- A. B. C. D. E. F. G. H. I. J.

Standard Cost Systems

- A. B. C. D. E. F. G. H. I. J.

Favorable Cost Variance

- A. B. C. D. E. F. G. H. I. J.

Revenue Volume Variance

A.

can be achieved only after perfect operating conditions

B.

Difference between actual variable overhead costs and teh budged variable overhead for actual production

C.

Caused by a difference in the planned and the actual units sold, assuming no change in units sales price or units cost

D.

Actual rate per hour minus standard rate per hour, multiplied by standard price

E.

Enable management to determine how much a product should cost and how much it actually costs

F.

Occurs when the actual cost is less than the standard cost

G.

Difference between expected revenue and actual revenues

H.

Actual quantity minus standard quantity, multiplied by standard price

I.

Difference between budged fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced

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