matching term to definition

Tells managers how much of the total variance is due to using a larger or smaller quantity of direct materials than expected Should explain direct labor rate variances Tells managers how much of the direct labor variance is due to paying a higher or lower hourly rate than anticipated Standard cost Standard quantity of direct materials multiplied by standard price of direct 2. Ideal standard Tells managers how much of the total variance is due to paying a higher or lower price than expected for the direct materials purchased 3. Practical standard 4 Standard cost of direct materials per unit Standard based on attainable conditions 5. Direct materials price variance Budgeted cost of a single unit 6. Direct materials quantity variance Standard based on perfect conditions Purchasing supervisor 8. Production supervisor Should be explain more about the direct materials quantity variance 9. Direct labor rate variance 10. Direct labor efficiency variance Tells managers whether more or less was spent on variable overhead than expected for the allocation base amount (number of machine hoursumber of direct labor hours) 11 Variable overhead rate variance 12. Variable overhead efficiency variance Tells how much of the total variable manufacturing overhead variance is due to using more/lewer hours of the allocation base than anticipated Human Resource Supervisor and Plant 13. Supervisor 1. Standard cost Standard quantity of direct materials multiplied by standard price of direct 2. Ideal standard Tells managers how much of the total variance is due to paying a higher or lower price than expected for the direct materials purchased 3. Practical standard 4. Standard cost of direct materials per unit 5 Standard based on attainable conditions 5. Direct materials price variance Budgeted cost of a single unit 6. Direct materials quantity variance Standard based on perfect conditions 7. Purchasing supervisor 8. Production supervisor Should be explain more about the direct materials quantity variance 9. Direct labor rate variance 10. Direct labor efficiency variance Tells managers whether more or less was spent on variable overhead than expected for the allocation base amount (number of machine hoursumber of direct labor hours) 11 Variable overhead rate variance 12 Variable overhead efficiency variance Human Resource Supervisor and Plant 13. Supervisor Tells how much of the total variable manufacturing overhead variance is due to using more/fewer hours of the allocation base than anticipated for the actual volume of output Tells managers how much of the total labor variance is due to using a greater or lesser amount of time than anticipated Should know why the company was able to purchase materials at a better