The Difference Between the Actual Cost-Driver Activity and the Amount

question 89

Short Answer

The difference between the actual cost-driver activity and the amount allowed for the actual output achieved costed at the standard variable-overhead rate

---

Definitions:

Additional Money

Funds that are added to a budget, account, or investment beyond the initial amount.

Same Amount

A term referring to a quantity, number, or value that remains unchanged or identical in comparison.

Annual Compound Interest

The interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount that remains unpaid.