Match the following statements to the appropriate terms.

1.		The difference between actual results and budgeted results.		select an appropriate term Fixed overhead spending varianceVariable overhead efficiency varianceStatic budget varianceFlexible budget varianceDirect labor rate varianceSales volume varianceDirect labor efficiency varianceSales price varianceVariable overhead spending varianceDirect material quantity variance
2.		Caused by using more or less material than the standard quantity allowed for actual production.		select an appropriate term Flexible budget varianceVariable overhead efficiency varianceSales price varianceDirect labor rate varianceVariable overhead spending varianceDirect material quantity varianceSales volume varianceDirect labor efficiency varianceStatic budget varianceFixed overhead spending variance
3.		The difference between the actual cost of variable overhead items and the amount of variable overhead that is expected to be incurred at the actual level of activity.		select an appropriate term Sales volume varianceFixed overhead spending varianceVariable overhead spending varianceDirect material quantity varianceFlexible budget varianceDirect labor efficiency varianceDirect labor rate varianceVariable overhead efficiency varianceSales price varianceStatic budget variance
4.		Result of the difference between the actual sales price and the budgeted sales price.		select an appropriate term Direct labor efficiency varianceStatic budget varianceSales price varianceDirect material quantity varianceFlexible budget varianceSales volume varianceVariable overhead spending varianceVariable overhead efficiency varianceDirect labor rate varianceFixed overhead spending variance
5.		The difference between actual fixed overhead cost and budgeted fixed overhead costs.		select an appropriate term Static budget varianceDirect material quantity varianceFixed overhead spending varianceSales price varianceFlexible budget varianceVariable overhead spending varianceVariable overhead efficiency varianceDirect labor efficiency varianceDirect labor rate varianceSales volume variance
6.		The difference between the actual results and the flexible budget.		select an appropriate term Sales price varianceDirect labor efficiency varianceVariable overhead efficiency varianceDirect labor rate varianceFlexible budget varianceFixed overhead spending varianceStatic budget varianceDirect material quantity varianceSales volume varianceVariable overhead spending variance
7.		Arises when the actual wage rate differs from the standard wage rate.		select an appropriate term Static budget varianceVariable overhead spending varianceSales volume varianceFlexible budget varianceFixed overhead spending varianceDirect material quantity varianceSales price varianceDirect labor rate varianceVariable overhead efficiency varianceDirect labor efficiency variance
8.		Captures the effect of efficient use of the activity base on the cost of variable overhead.		select an appropriate term Direct labor efficiency varianceVariable overhead efficiency varianceSales price varianceDirect material quantity varianceStatic budget varianceFlexible budget varianceVariable overhead spending varianceDirect labor rate varianceSales volume varianceFixed overhead spending variance
9.		Caused by using more or less direct labor than the standard allowed.		select an appropriate term Fixed overhead spending varianceDirect labor rate varianceFlexible budget varianceVariable overhead spending varianceDirect material quantity varianceStatic budget varianceVariable overhead efficiency varianceDirect labor efficiency varianceSales price varianceSales volume variance
10.		Difference between the flexible budget and the static budget.		select an appropriate term Variable overhead efficiency varianceFixed overhead spending varianceDirect material quantity varianceDirect labor efficiency varianceVariable overhead spending varianceSales volume varianceFlexible budget varianceStatic budget varianceSales price varianceDirect labor rate variance