Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Match each of the following formulas and phrases with the term it describes.

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(Actual Direct Labor Hours - Standard Direct Labor Hours) Standard Rate per Hour (Actual Rate per Hour - Standard Rate per Hour) Actual Hours (Actual Price - Standard Price) Actual Quantity (Actual Quantity - Standard Quantity) Standard Price Standard variable overhead for actual units produced		Direct labor time variance Direct labor rate variance Direct materials price variance Budgeted variable factory overhead Direct materials quantity variance