0. How much a product costs is described as the ..........................................	actual cost	0. ____
1. A management accounting system that enables management to determine the actual product cost, standard product cost, and differences between the two is called a ......................................................		1. ____
2. Standards that can only be achieved under perfect operating conditions are called............................................................................................................		2. ____
3. Standard setting normally requires the joint effort of accountants, engineers, and..................................................................................................		3. ____
4. Jill Co. assumes reasonable production difficulties in its standard-setting process. These standards are known as ........................................		4. ____
5. The control function of the management process requires actual performance to be compared against the budget. This is known as......		5. ____
6. A significant design change in the commercial aircraft division would require that standards be................................................................................		6. ____
7. When actual cost exceeds budgeted cost at actual volumes, the result is a (favorable or unfavorable) variance .........................................................		7. ____
8. The difference between the actual price per unit and the standard price per unit, multiplied by the actual quantity of materials used, is the .......		8. ____
9. Excessive amounts of direct materials were used by the Adrienne Manufacturing Co., because equipment used in production was not properly maintained and operated. The variance that resulted was the		9. ____
10. The actual price of direct materials used to manufacture Product 2B was $0.053 per unit. The standard materials price was established at $0.05 The department responsible for the variance is the ......................		10. ____
11. The difference between the actual hours worked and the standard hours at actual production, multiplied by the standard rate per hour, results in the ......................................................................................................		11. ____
12. The efficiency of using variable overhead resources is measured by the		12. ____
13. Controlling direct labor cost is often the responsibility of the ..................		13. ____