Match Each of the Following Terms with Their Correct Description

question 23

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 usage of inputs is greater than the standard usage.

• A)Quantity standards
• B)Ideal standards
• C)Price standards
• D)Standard cost sheet
• E)Upper control limit
• F)Currently attainable standards
• G)Kaizen standards

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Definitions:

Standard Deviation

An index quantifying how much data points deviate or scatter from their average.

Mean

The average of a set of numbers, calculated by adding them together and then dividing by the number of numbers.

Value

The degree of importance, worth, or usefulness of something.

Plowback Ratio

The proportion of earnings retained by a company after dividends have been paid, for reinvestment in its core business.