Select the term from the list provided that best matches the description provided. Term A B B. C D E. F F. Definition or Description Differences between budgets based on standard amounts at the actual level of activity and actual results The difference between inflated and realistic standards A variance occurring in a standard cost accounting system when the actual amount or quantity of direct labor used differs from the standard amount required The per unit price or cost that "should be based on a certain set of anticipated circumstances Standard representing the highest level of efficiency attainable based on all input factors interacting perfectly under ideal or optimum conditions A variance that occurs when actual prices paid for raw materials differs from the standard prices The difference between sales based on a static budget (standard sales price times standard level of activity) and sales based on a flexible budget (standard sales price times actual level of activity) A variance that occurs when the actual pay rate differs from the standard pay rate for direct labor A variance that occurs when the actual costs are less than standard costs or when actual sales are greater than standard sales A variance that occurs when the actual amounts of raw materials used to produce a good differ from the standard amounts required to produce that good Budgets based solely on the planned level of activity and that remain constant even when volume of activity changes The cost of one unit of material, labor, or overhead G H. I. J. K L