127.Match the following terms with the appropriate definitions. 1. A planning budget based on a single predicted amount of sales or other activity measure. 2. A process of examining differences...

127.Match the following terms with the appropriate definitions.

1. A planning budget based on a single predicted amount of sales or other activity measure. 2. A process of examining differences between actual and budgeted sales or costs and describing them in terms of the price and quantity differences. 3. The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget. 4. A budget prepared based on several different amounts of sales, often including a best-case and worst-case scenario. 5. A management process to focus on significant variances and give less attention to areas where performance is close to the standard.

6. Preset costs for delivering a product, or service under normal conditions.7. The difference between actual quantity of input used and standard quantity of input used. 8. The difference between actual price per unit of input and standard price per unit of 9. Occurs when there is a difference between the actual and standard volume of production. 10. The difference between actual and standard cost.