Match the Following Terms with the Items Below

question 146

Multiple Choice

Match the following terms with the items below:
-Activity-based budgeting

• 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:

Purchase Money

Funds that are used specifically for the acquisition of assets, often related to real estate transactions or personal property.

Installments

Payments that are made periodically towards a debt, allowing for the total amount to be paid off over time rather than all at once.

Financing Statement

A document filed by a creditor to give public notice of a security interest in property of the debtor, used in UCC filings.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, typically the repayment of a debt.