Matching A. Cost variance analysis B. Efficiency variance C. Favorable variance K. Profit variance analysis L. Sales activity variance M. Sales price variance N. Spending (or budget) variance O. Standard cost sheet Standard costing D. Financial budgets E. Flexible budget F. Flexible budget line P. G. Flexible production budget Q. Static budget H. Operating budgets R. Total cost variance I. Price variance S. Unfavorable variance J. Production volume variance T. Variance 1. Budgeted income statement, production budget, budgeted cost of goods sold, and supporting budgets. 2. Budgets of financial resources-for example, the cash budget and the budgeted balance sheet. 3. Variance that, taken alone, results in an addition to operating profit. 4. Budget for a single activity level; usually the master budget. 5. Difference between operating profit in the master budget and operating profit in the flexible budget that arises because the actual number of units sold is different from the budgeted number. 6. Comparison of actual input amounts and prices with standard input amounts and prices. 7. Difference between actual costs and budgeted costs arising from changes in the cost of inputs to a production process or other activity. 8. Price variance for fixed overhead. 9. Difference between planned result and actual outcome. 10. Budget that indicates revenues, costs, and profits for different levels of activity. 11. Accounting method that assigns costs to cost objects at predetermined amounts. 12. Difference between budgeted and actual results arising from differences between the inputs that were budgeted per unit of output and the inputs actually used. 13. Expected monthly costs at different output levels. 14. Analysis of the causes of differences between budgeted profits and the actual profits earned. 15. Standard input price times standard quantity of input allowed for actual good output. 16. Variance that, taken alone, reduces operating profit. 17. Variance that arises because the volume used to apply fixed overhead differs from the estimated volume used to estimate fixed costs per unit. 18. Difference between budgeted and actual results (equal to the sum of the price and efficiency variances). 19. Difference between actual revenue and actual units sold multiplied by budgeted selling price. 20. Form providing standard quantities of inputs used to produce a unit of output and the standard prices for the inputs.