Solved

Match the Following Terms with the Best Definition Given

Question 159

Matching

Match the following terms with the best definition given.

Premises:
Favorable cost variance
Currently attainable standard
Nonfinancial performance measure
Unfavorable cost variance
Ideal standard
Responses:
Normal standard
Theoretical standard
An example is number of customer complaints.
Actual cost > standard cost at actual volumes
Actual cost < standard cost at actual volumes

Correct Answer:

Favorable cost variance
Currently attainable standard
Nonfinancial performance measure
Unfavorable cost variance
Ideal standard
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