Match the Items in the Two Columns Below by Entering

question 99

Short Answer

Match the items in the two columns below by entering the appropriate code letter in the space provided.
A. Variances F. Materials price variance
B. Standard costs G. Labor quantity variance
C. Standard cost accounting system H. Overhead controllable variance
D. Normal standards I. Overhead volume variance
E. Ideal standards J. Standard hours allowed
____ 1. The difference between actual overhead incurred and overhead budgeted for the standard hours allowed.
____ 2. The hours that should have been worked for the units produced.
____ 3. The difference between the actual quantity times the actual price and the actual quantity times the standard price.
____ 4. The difference between total actual costs and total standard costs.
____ 5. The difference between actual hours times the standard rate and standard hours times the standard rate.
____ 6. Predetermined unit costs that are measures of performance.
____ 7. The difference between normal capacity hours and standard hours allowed times the fixed overhead rate.
____ 8. Standards based on an efficient level of performance that are attainable under expected operating conditions.
____ 9. Standards based on the optimum level of performance under perfect operating conditions.
____ 10. A double-entry system of accounting in which standard costs are used in making entries and variances are recognized in the accounts.

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Definitions:

Crisis Intervention

An immediate and short-term psychological care aimed at assisting individuals in a crisis situation to restore equilibrium to their biopsychosocial functioning and to minimize the potential for psychological trauma.

Superficial Cuts

Minor injuries resulting from a sharp object breaking the skin, typically not deep enough to affect muscles or other underlying tissues.

Precipitating Event

An incident or situation that triggers the onset of a crisis or exacerbates an existing psychological condition.

Crisis Center

A specialized facility or service offering immediate, emergency assistance or support to individuals facing acute psychological, emotional, or physical distress.