Match the following descriptions with the term (a-e) it describes:
a.Ideal standard
b.Nonfinancial performance measure
c.Currently attainable standard
d.Unfavorable cost variance
e.Favorable cost variance
166.an example is the number of customer complaints
167.actual cost > standard cost at actual volumes
168.actual cost
169.normal standard
170.theoretical standard
Match the following formulas or descriptions with the term (a-e) it defines.
a.Direct materials price variance
b.Direct labor rate variance
c.Direct labor time variance
d.Direct materials quantity variance
e.Budgeted variable factory overhead
171.(Actual direct hours – Standard direct hours) × Standard rate per hour
172.(Actual rate per hour – Standard rate per hour) × Actual hours
173.(Actual price – Standard price) × Actual quantity
174.(Actual quantity – Standard quantity) × Standard price
175.Standard variable overhead for actual units produced