Match Each of the Following Terms with Their Correct Description

question 66

Multiple Choice

Match each of the following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-(Actual hours - standard hours) x SVOR

• A)Variable overhead efficiency variance
• B)Activity flexible budget
• C)Fixed overhead volume variance
• D)Variable overhead spending variance
• E)Flexible budget variance
• F)Flexible budget
• G)Static budget
• H)Activity-based budgeting
• I)Performance report
• J)Fixed overhead spending variance

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Definitions:

Ending Balance

The amount of money or value in an account at the end of a financial period.

Cash Dividend

A payment made by a company out of its profits to its shareholders, usually in the form of cash.

Bonds Payable

Long-term liabilities represented by bonds that a company has issued, which it is obligated to pay back at a future date along with interest payments.

Financing Activities

Transactions related to a company's raising and repaying of funds, including issuing debt, obtaining loans, and returning capital to shareholders.