$1.$

Interpretation of variances strategically means management teams must place their internal performance relative to their competitors and to what their customers value. Decisions about$\_\_\_\_\_\_\_$ incur$\_\_\_\_\_\_\_$ of ownership and maintenance for the long term.

$2.$

To the$$ customer, however, the cost of unused capacity is a$\_\_\_\_\_\_\_$ for which they will not pay.

$3.$

This cost arises because the quantity produced is less than the capacity available. The cost is$$ fixed; therefore, the burden assigned to each actual unit produced is higher than it should be$.$ This unfavourable outcome is a$\_\_\_\_\_\_\_.$

$4.$

It is also referred to as the$\_\_\_\_\_\_\_$ and is an underallocation of capacity costs that will persist until consumer$$ demand, actual$$ production, and available capacity intersect.

$5.$

But fixed costs also include contractual costs such as salaries and regulatory costs of taxes. These costs can change unexpectedly and will result in a$\_\_\_\_\_\_\_.$

$6.$

Equipment also requires maintenance$$ that, along with custodial and security$$ costs, are required and shared resources that benefit all outputs. When the actual measure of benefit provided exceeds the$$ budget, what arises is an unfavourable$\_\_\_\_\_\_\_.$

$7.$

When the actual cost per unit of benefit provided exceeds$$ budget, there arises $.$ A number of terms are provided. agility

$$value$-$added cost

capacity

capacity cost

$$non$-$value$-$added cost

$$denominator$-$level variance

fixed overhead rate variance

$$production$-$volume variance

variable overhead efficiency variance

variable overhead rate variance