Match each of the following formulas or descriptions with the term (a-e) it defines.
-Standard variable overhead for actual units produced
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

Question

Quizplus · Accepted Answer

Budgeted variable factory overhead represents the amount of variable overhead costs that the company expected to incur based on the budget or predetermined rates.

Match Each of the Following Formulas or Descriptions with the Term