Match the terms with their definitions.

Variance analysis

Currently contains Standards set assuming production conditions are perfect with no inefficiencies..Standards set assuming production conditions are perfect with no inefficiencies.

Standard rate for variable manufacturing overhead

Currently contains Standards that are more realistic by taking into consideration the likelihood of encountering problems in production such as machine downtime, materials waste, and employee illness..Standards that are more realistic by taking into consideration the likelihood of encountering problems in production such as machine downtime, materials waste, and employee illness.

Attainable standards

Currently contains Using standards to analyze the difference between budgeted costs and actual costs..Using standards to analyze the difference between budgeted costs and actual costs.

Ideal standards

Currently contains The time, typically measured in direct labor hours or machine hours depending on the allocation base, required to complete one good unit of product..The time, typically measured in direct labor hours or machine hours depending on the allocation base, required to complete one good unit of product.

Standard quantity for variable manufacturing overhead

Currently contains The variable portion of the predetermined overhead rate used to allocate variable overhead costs to products..The variable portion of the predetermined overhead rate used to allocate variable overhead costs to products.