Question: Presented below are terms preceded by letters ( a ) through ( ty ) and followed by a list of definitions 1 through 8 .
Presented below are terms preceded by letters a through ty and followed by a list of definitions through Enter the letter of the term with the definition, using the
a Unfavorable variance
b Fixed budget performance report
c Overhead variance
d Efficiency variance
e Spending variance
Flexable budget performance report
g Quantuty variance
in Favorable variance
Results from a comparison of actual cost or revenue to budget that contributes to a lower income.
A report that compares actual results with the results expected under a fixed budget.
When management pays an amount different from the standard price to acqure an overhead nem.
Results from a comparison of actual cost or revenue to budget that contributes to higher income.
Difference in variable overhead when the standard allocation base expected for actual production differs from the actual alocaton base.
Difference between actual quantity of an input and the standard quantry of the input.
A report that compares actual performance and budgeted performance based on actual activity level.
Occurs when a company operates at a different capactly level than was predcled.
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