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Hi, could you help me out with this question? Thanks. Options for the matching for each question are as follows: overhead volume variance standard cost

Hi, could you help me out with this question? Thanks.

Options for the matching for each question are as follows:

  1. overhead volume variance
  2. standard cost
  3. attainable standard
  4. favourable variances
  5. overhead controllable variance
  6. unfavourable variances
  7. budgeted cost
  8. ideal standard
  9. labour efficiency variance
  10. labour rate variance

image text in transcribed
Matching Question 161 Match the following statements to the appropriate terms. Difference between the actual amount of overhead and the amount of overhead that would be included in the flexible budget for the actual level of production The cost that should be incurred to produce a good under anticipated conditions Standards developed under the assumption that no obstacles will be encountered Difference between the actual hours worked and the standard hours allowed for the number of units produced times the standard labor wage rate Difference between the amount of overhead in the exible budget and the amount of overhead applied to production using the standard overhead rate Variances where the actual prices or quantities are less than the standard The cost, at standard, for the total number of units scheduled to be produced Difference between the actual wage rate and the standard wage rate times the actual number of hours worked Variance where the actual prices or quantities are greater than standard Standards which allow for expected deviations

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