Examlex
Match each of the following terms to the definitions below by entering the letter of the term on the line in front of the definition.
A.Flexible budget
B.Flexible budget variance
C.Static budget
D.Variance
E.Sales volume variance
____ The difference arising only because the number of units actually sold differs form the static budget units
____ The difference arising because the company actually earned more or less revenue,or
incurred more or less cost,than expected for the actual level of output
____ The budget prepared for only one level of sales volume
____ The difference between an actual amount and the budget
____ A summarized budget for several levels of volume that separates variable costs from fixed costs
External Failure Cost
Costs associated with defects that are found after the product has been delivered to the customer, including returns, repairs, and warranty claims.
Quality Cost Report
A document detailing the costs associated with preventing, detecting, and correcting defective work, often used in quality control efforts.
Delivery Cycle Time
Delivery cycle time is the total time taken from the receipt of a customer order to the delivery of the product, indicating the efficiency of a company's production and distribution process.
Fill Orders
The process of completing customer orders by preparing and delivering the requested goods or services.
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