Match the Following Terms with the Items Below

question 70

Multiple Choice

Match the following terms with the items below:
-Fixed overhead volume variance

• A)(Actual hours - Standard hours)SVOR
• B)Prediction of what activity costs will be as activity output changes
• C)A measure of capacity utilization
• D)Actual variable overhead - (SVOR * Actual hours)
• E)Difference between the actual amount and the flexible budget amount
• F)A budget that specifies costs for a range of activity
• G)A budget for a particular level of activity
• H)Estimating activity output and then assessing the cost of resources to produce this output
• I)A report that compares actual with planned costs
• J)Difference between actual and budgeted fixed overhead

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to the interconnectedness of the world's economies, cultures, and populations.

International Aid

Financial or material assistance provided by one country or international organization to another country to support development, alleviate poverty, or respond to crises.

Negative Aspects

The disadvantages or harmful effects associated with a situation, decision, or action.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.