Presented Below Are Terms Preceded by Letters a Through H

question 124

Short Answer

Presented below are terms preceded by letters a through h and followed by a list of definitions 1 through 8.Enter the letter of the term with the definition,using the space preceding the definition.
(a)Unfavorable variance
(b)Fixed budget performance report
(c)Overhead cost variance
(d)Budgetary control
(e)Spending variance
(f)Flexible budget performance report
(g)Quantity variance
(h)Favorable variance
__________(1)Difference in sales or costs,when the actual value is compared to the budgeted value,that contributes to a lower income.
__________(2)A report that compares results with fixed budgeted amounts and identifies the differences as favorable or unfavorable variances.
__________(3)The difference between the actual price of an item and its standard price.
__________(4)Difference in sales or costs,when the actual value is compared to the budgeted value,that contributes to a higher income.
__________(5)Use of budgets by management to monitor and control the operations of a company.
__________(6)Difference between actual quantity of an input and the standard quantity of the input.
__________(7)Difference between the total overhead cost applied to products and the total overhead cost actually incurred.
__________(8)A report that compares actual revenues and costs with their variable budgeted amounts based on actual sales volume (or other level of activity)and identifies the differences as variances.

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Definitions:

Big Five

A model outlining five major dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Raymond Cattell

A British and American psychologist known for his research on personality, intelligence, and psychometrics, including the development of several personality and intelligence tests.

Personality Assessment Inventory

A psychological assessment tool designed to evaluate a wide range of personality and psychopathological attributes in individuals.

Clinical Diagnosis

The process of identifying a disease or condition based on a patient's symptoms and diagnostic tests, within a clinical setting.