Match the Following Terms with the Items Below

question 73

Multiple Choice

Match the following terms with the items below:
-Activity flexible budget

• 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:

Labour Market

The supply and demand for labor, where employers seek to hire employees and workers seek employment.

Gendered Division

The allocation of roles, responsibilities, and tasks based on gender, often leading to disparities in power, resources, and opportunities.

Social Inequality

Within a community or society, inequities in opportunities and rewards exist for different social standings or positions.

Agricultural Societies

Societies primarily engaged in farming and the cultivation of land as their main source of livelihood.