Match the Variance to the Correct Definition

question 52

Multiple Choice

Match the variance to the correct definition.
-Cost variance

• A)measures how well the business uses its materials or human resources
• B)the difference between the expected results in the flexible budget for the actual units sold and the static budget
• C)the difference between actual results and expected results in the flexible budget for the actual units sold
• D)measures how well the business keeps unit material and labor costs within standards
• E)the difference between actual results and the expected results in the static budget

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Definitions:

Attorney's Fees

The payment made to lawyers for their legal services.

Service Of Process

The delivery of the summons and the complaint to a defendant.

Summons

A document served on a defendant in a lawsuit informing the defendant that a legal action has been commenced against him or her and that the defendant must appear in court or respond to the plaintiff's complaint within a specified period of time.

Return Of Service

A document that serves as proof that a legal document, such as a summons or complaint, was delivered to the party to whom it was directed.