Match each of the following phrases with the term (a-e) it describes.
-Summarizes actual costs, standard costs, and the differences for units produced
A)Ideal standard
B)Normal standard
C)Budget performance report
D)Unfavorable cost variance
E)Favorable cost variance

Question

Quizplus · Accepted Answer

A budget performance report summarizes actual costs, standard costs, and the differences (variances) for units produced, allowing for analysis of financial performance against budgeted expectations.

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