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 input