Select the term that best fits the definition or description;enter the number of the term in the column for Your Answer. Your Answer Definition or Description A. Differences between budgets based on standard amownts a the actual level of activity and actual resuls B. The difference between ifflated and realistic standards C. A variance occuring in a standard cost accotuting system when the actual amount or quantiy of direct labor used differs from the standard amount required D. The per unt price or coet that "should be" based on a certain set of anticipated circumstances E. Standard representing the highest level of efficiency attainable based on all inpui factors interacting perfectly muder ideal or optimun conditions F. A variance that occus when actual prices paid for raw materials differs from the standard prices G. The difference between sales based on a static budget (standard sales price times standard level of activity) and sall based on a flexible budget (standard sales price times actual level of activity) H. A variance that occuss when the actual pay rate differs from the sandard pay rate for direct labor I. A variance that occurs when the actual costs are less than standard costs or when actual sales are greater than standard salesJ. A variance that occurs when the actual amounts of raw materials used to produce a good differ from the standard amounts required to prochice that good K . Budgets based solely on the planned level of activity and that remain constant even when vohme of activity changesL. The cost of one wit of materinl labor, or overhead Term 1. Budget slack 2. Cost per nuit of imput 3. Favorable variance 4. Fexible budget vaniances 5. Ideal standard 6. Labor usage variance 7. Labor price variance 8. Materials price variance 9. Materials usage variance 10. Sales volume variance 11. Standards 12. Static budgets
CHANGE NEEDs TO BE MADE TO TABLE
Given that exact wording is not in chapter,change term 2 to:
Cost per unit
Infertility
The inability to conceive a child after one year of regular, unprotected intercourse.
Sexually Transmitted Infections
Refers to infections that are primarily spread through sexual contact, affecting both males and females.
Infections
The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi in body tissues, causing disease.
Chronic Infections
Long-lasting infections that can persist for months or years, often causing persistent symptoms.