Presented below are definitions of certain terms. Select the appropriate term from the dropdown list. Definitions 1. Quantity of input required under normal conditions. 2. Quantity of input required if a production process is 100% efficient. 3. Managing by focusing on large differences from standard costs. 4. Record that accumulates standard cost information. Preset cost for delivering a product or service under normal 5. conditions. a. Standard cost card b. Management by exception c. Standard cost d. Ideal standard e. Practical standard