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Match the Following Terms with the Best Definition Given

Question 160

Matching

Match the following terms with the best definition given.

Premises:
Budgeted variable factory overhead
Direct labor time variance
Direct labor rate variance
Direct materials quantity variance
Direct materials price variance
Responses:
(Actual quantity - Standard quantity) x Standard Price
(Actual price - Standard price) x Actual quantity
(Actual rate per hour - Standard rate per hour) x Actual hours
(Actual direct hours - Standard direct hours) x Standard Rate per Hour
Standard variable overhead for actual units produced

Correct Answer:

Budgeted variable factory overhead
Direct labor time variance
Direct labor rate variance
Direct materials quantity variance
Direct materials price variance
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