sectthetem tha best fits the definition ? der tort erter the rum br of the term

Question

sectthetem tha best fits the definition ? der tort erter the rum br of the term n the col rnn for Your Anwer. b) A. Differences between bodgets bared on aradard anounts at the actoal level of activty and actral reu ack D) B. The diference between iflated and realutic tancrds2Cont per uut of rut C. A varince occurig in a standard cost accounting rysten when the actnal anount or quutity of direct hbor uwed dicfe rom the staandaurd aont required F) G) H) 3. Favorable vaziance The per uni price or cost that "should be" based on a certain set of anticipnted cicuC Standard repreeerting the highest evel of efficiency ble based on al agt factars interacthe perfectly under K) . Ideal standard F. A varsuce Oat occu n acal pecee pad for raw ateciale dffers troon the staxlard prices G. The difference between rales bnsed on a static bdeet (t undad ales prace times tandard level of activaty) and rales besed on a flexible budget (td nles price times act level of actngy 6. Labor usage variace fiom the standard pay rate for drect bh I. A variance that occnw when the actnal coets are less than coats or when acrial sales are greater than standad rales 1. A varnnce thuet occxs when the actiual amonuds ofw ter wed to produce a good difler from the standard amonuts secured to proake tlat ood K. Budgets bared solely on tle planned level of activay and Materiali wage vautance 0 Sales volune varsance hat ensin coutiat cow when vobuse of actenity chesngers.Standud L. Tle cot of ae tut of materol labo or onedlesd 12 Static todgets

Explanation / Answer

Discription / Definition Answer A) Difference between budget based on standard amounts at actual level of activity and actual results 4. Flexible budget variance B) The difference between inflated and realistic standards 1.Budget Slack C) 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 6.Labor usage variance D) The per unit price or cost that should be based on a certain set of anticipated circumstances 11. Standards E) Standard representing the highest level of efficiency attainable based on all input factors interacting perfectly under ideal or optimum condition 5. Ideal standard F) A variance that occurs when actual prices paid for raw materials differs from the standard prices 8. Material price variance G) The difference between sales based on a static budget and sales based on a flexible budget 10. Sales volume variance H) A variance that occurs when actual pay rate differs from the standard pay rate for direct labor 7. Labor price variance I) A variance that occurs when actual costs are less than standard costs or when actual sales are greater than standard sales 3. Favourable variance J) A variance that occurs when actual amounts of raw materials used to produce a good differs from the standard amounts required to produce that good 9. Materials usage variance K) Budgets based solely on the planned level of activity and that remain constant even when volume of activity changes 12. Satic budgets L) The cost of one unit of material,labor or overhead 2. Cost per unit of input

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.