128.Match the following terms with the appropriate definitions. 1. The difference between the actual price of an item and its standard price.2. Results from a comparison of actual cost or revenue...

128.Match the following terms with the appropriate definitions.

1. The difference between the actual price of an item and its standard price.2. Results from a comparison of actual cost or revenue to budget that contributes to a lower income. 3

3. A report that compares actual results with the results expected under a fixed budget.4. Difference between actual quantity of an input and the standard quantity of the 5. Difference between the total overhead cost applied to products and the total overhead cost actually incurred.

6. Results from a comparison of actual cost or revenue to budget that contributes to higher income. 7. Management's use of budgets to see that planned objectives are met. Overhead 8. A report that compares actual performance and budgeted performance based on actual sales volume or other activity level.