151. Match the following terms with the best definition given.
1. An example is number of customer complaints.Nonfinancial performance measure
2. Normal standardUnfavorable cost variance
3. Actual cost > standard cost at actual volumesFavorable cost variance
4. Actual cost Currently attainable standard
5. Theoretical standardIdeal standard
152. Match the following terms with the best definition given.
1. (Actual direct hours - Standard direct hours) x Standard Rate per HourDirect labor time variance
2. (Actual quantity - Standard quantity) x Standard PriceDirect labor rate variance
3. Standard variable overhead for actual units producedDirect materials price variance
4. (Actual rate per hour - Standard rate per hour) x Actual hoursDirect materials quantity variance
5. (Actual price - Standard price) x Actual quantityBudgeted variable factory overhead
153. Compute the standard cost for one hat, based on the following standards for each hat:
Standard Material Quantity:1/2 yard of fabric at $5.00 per yard
Standard Labor:2 hours at $5.75 per hour
Factory Overhead:$3.20 per direct labor hour