Match each of the following descriptions with the term (a-e) it describes.
-Actual cost standard cost at actual volumes
A)Ideal standard
B)Nonfinancial performance measure
C)Currently attainable standard
D)Unfavorable cost variance
E)Favorable cost variance

Question

Match each of the following descriptions with the term (a-e) it describes.
-Actual cost > standard cost at actual volumes
A)Ideal standard
B)Nonfinancial performance measure
C)Currently attainable standard
D)Unfavorable cost variance
E)Favorable cost variance

Quizplus · Accepted Answer

An unfavorable cost variance occurs when the actual cost is greater than the standard cost at actual volumes, which is described in this scenario.

Match Each of the Following Descriptions with the Term (A-E)