Provide the Correct Term for Each of the Following Definitions

question 22

Essay

Provide the correct term for each of the following definitions:
a. a cost that fluctuates with large changes in level of activity
b. a range of activity over which costs behave as precicted
c. the capacitylevel at which a firm believes it will operate at chring the coming prochuction cycle
d. the difference between actual variable overhead and buclgeted variable overhe ad based on inputs
e. the difference between total actual overhead and total applied overhead
f. the difference between total budgeted overhead based on inputs and applied overhead
g. the difference betwe en actual variable overhead and buclgeted variable overhe ad based on output
h. the difference between actual fixed overhead and budgeted fixed overhead.

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Definitions:

Lower Control Limit

The lowest boundary in a control chart used to monitor process variability; falling below this limit signals an out-of-control process.

Too Variable

A description of data that exhibits a high degree of variation or variability, indicating a wide spread of data points around the mean value.

P Chart

Also known as a proportion chart, it tracks the fraction of nonconforming units in process quality control.

Control Limits

Pre-determined lines on a statistical process control chart that mark the boundaries of allowable variation.