Match the Following

Match the following:
A) Overhead flexible budget variance
B) Efficiency variance
C) Static budget
D) Flexible budget variance
E) Sales volume variance
F) Standard cost
G) Variance
H) Production volume variance
I) Benchmarking
J) Price variance
K) Flexible budget
1) The difference between the actual quantity of input and standard quantity of input allowed for actual output, multiplied by the standard unit price of input
2) Using standards based on the "best practice" level of performance
3) A summarized budget that can easily be computed for several volume levels
4) The difference between the actual overhead cost incurred and the flexible budget amount of overhead cost for actual production
5) Arises because the number of units actually sold differs from the static budget units
6) The difference between an actual result and a flexible budget amount for the actual output
7) The difference between an actual amount and the corresponding budgeted amount
8) The difference between the actual and standard unit price of input, multiplied by the actual quantity of input
9) The difference between the overhead cost in the flexible budget for actual production and the standard overhead cost allocated to production
10) A carefully predetermined cost that usually is expressed on a per unit basis
11) The budget prepared for only one level of sales volume