PUT Questions - Part Decor Chapter 8 Homework Part 1 Due on 117 Select the Help 5 Select the term from the list provided that best matches the description provided 2 noints Term BOOK Budget stack Cost per unit Favorable variance Flexible budget variances Definition or Description A De between budgets based on standard amounts at the actual level of activity and actuals 3. The difference between inflated and realistic standards A variance occurring in a standard cost accounting system when the actual amount or C Quantity of direct laborused differs from the standard amount required D The per unit price of cost that should be based on a certain set of antipated circumstances E Standard representing the highest level of efficiency Mtainable based on input factors interacting perfectly under ideal or optimum conditions F Avance that occurs when actual prices pard for raw materials differs from the standard prices The difference between sales based on a static budget (standard salon price times Mandard O level of activity and sales based on a flexible budget (standard sales price times actual level of activity H Avance that occurs when the actual pey role differs from the standard pay role for direct labor A variance that occurs when the actual costs are less than standard costs or when I 1 sales are greater than standard sales A variance that occurs when the actual amounts of raw materials used to produce a good dobrom the standard amounts required to produce that good K Budgets based solely on the planned level of activity and that retain constant even when volume of activity changes L The cost of one unit of material, lubor, or overhead eferences