Match Each of the Following Terms to the Definitions Below

Match each of the following terms to the definitions below by entering the letter of the term on the line in front of the definition.
A)Price variance
B)Efficiency variance
C)Overhead flexible budget variance
D)Production volume variance
____ Measures how well the business keeps unit prices of direct material and direct labor inputs within standards
____ Measures whether the quantity of direct materials or direct labor used to make the actual number of outputs is within the standard allowed for that number of outputs
____ Shows how well management has controlled overhead costs