The difference between an actual amount and the budgeted amount OOO A price, cost, or quantity that is expected under normal conditions. Summarizes the actual results, budgeted amounts, and the differences. The difference between the amount actually paid for direct materials and what should have been paid. The difference between the actual allocation base (actual quantity) and the amount of the allocation base that should have been used (standard quantity) A budget prepared for various levels of sales volume. Measures how well the business keeps unit costs of material and labor inputs within standards. > An accounting system that uses standards for product costs. A budget prepared for only one level of sales volume. Measures how well the business uses its materials or human resources. Question 33 (2 points) Saved 1. Budget Performance Report 2. Cost Variance 3. Direct Labor Cost Variance 4. Direct Labor Efficiency Variance 5. Direct Materials Cost Variance 6. Efficiency Variance 7. Fixed Overhead Cost Variance 8. Fixed Overhead Volume Variance 9. Flexible Budget 10. Sales Volume Variance 11. Standard 13. Static Budget that 14. Variable Overhead Efficiency Variance 15. Variance