Match the following terms with the items below:
-Fixed overhead volume variance
A) (Actual hours - Standard hours) SVOR
B) Prediction of what activity costs will be as activity output changes
C) A measure of capacity utilization
D) Actual variable overhead - (SVOR * Actual hours)
E) Difference between the actual amount and the flexible budget amount
F) A budget that specifies costs for a range of activity
G) A budget for a particular level of activity
H) Estimating activity output and then assessing the cost of resources to produce this output
I) A report that compares actual with planned costs
J) Difference between actual and budgeted fixed overhead
Correct Answer:
Verified
Q21: For a static activity budget in a
Q27: Match the following terms with the items
Q28: An activity-based budgeting system may help support
Q29: Because activities are what consume resources, activity-based
Q31: Fixed overhead costs are resources acquired as
Q42: Price changes of variable overhead items are
Q162: A _ is a budget created in
Q170: A _ compares actual costs with budgeted
Q183: Match the following terms with the items
Q184: Match the following terms with the items
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