Presented below are terms and a list of definitions. Match the terms to the correct definitions. The difference between actual and standard cost. [Choose) [Choose Volume variance Occurs when the company operates at a different capacity level Cost variance than was predicted Fixed budget Controllable variance The difference between actual price per unit of input and standard Standard costs Variance analysis price per unit of input Flexible budget Management by exception The difference between actual quantity of input used and standard Quantity variance quantity of input used Price variance Preset costs for delivering a product or service under normal conditions. [Choose A budget prepared based on several different amounts of sales, often including a best-case and worst case scenario. [Choose [Choose) > A process of examining differences between actual and budgeted sales or costs and describing them in terms of the price and quantity differences A management process to focus on significant differences between actual costs and standard costs [Choose >