QUESTION 1 27 points Match the description to the term purpose is to control costs and promote efficiency 1. variance norm against which the actual performance can be measured 2. favorable variance maximum degree of efficiency not alowing for inefficient 3. materials cost standard conditions 4. Ideal Standard can be met, high enough to motivate & promote efficiency 5 unfavorable variance based on estimates of quantity of materials required for a unit 6 attainable standard of product & unit cost to purchase the materials used 7.standard based on estimates of labor hours required to produce a unit 8, standard cost accounting of produce & cost of labor per unit 9.labor cost standard difference between the actual & the standard costs of materials, labor & overhead Actual FOH > Applied FOH, Debit balance in a variance account Actual FOH