VOCAB HELP!

Tells managers whether more or less was spent on variable overhead than expected for the allocation base amount (number of machine hours/number of direct labor hours)
	Budgeted cost of a single unit
	Should know why the company was able to purchase materials at a better
	Tells managers how much of the total variance is due to paying a higher or lower price than expected for the direct materials purchased
	Standard based on attainable conditions
	Should explain direct labor rate variances
	Should be explain more about the direct materials quantity variance
	Tells managers how much of the total labor variance is due to using a greater or lesser amount of time than anticipated
	Standard quantity of direct materials multiplied by standard price of direct
	Tells managers how much of the total variance is due to using a larger or smaller quantity of direct materials than expected
	Tells managers how much of the direct labor variance is due to paying a higher or lower hourly rate than anticipated
	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
	Standard based on perfect conditions

1.	Standard cost
2.	Ideal standard
3.	Practical standard
4.	Standard cost of direct materials per unit
5.	Direct materials price variance
6.	Direct materials quantity variance
7.	Purchasing supervisor
8.	Production supervisor
9.	Direct labor rate variance
10.	Direct labor efficiency variance
11.	Variable overhead rate variance
12.	Variable overhead spending variance
13.	Human Resource Supervisor and Plant Supervisor