Match the Following Terms with the Items Below

question 108

Multiple Choice

Match the following terms with the items below:
-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:

International Companies

Firms that engage in business operations across national borders, often involving manufacturing, sales, or service in multiple countries.

Barter

An ancient form of trade where goods or services are exchanged directly for other goods or services without the use of money as a medium.

Balance of Trade Deficit

An economic measure where a country's imports exceed its exports during a specific time period.

Imports and Exports

The practice of bringing goods and services into a country (imports) and sending goods and services out of a country (exports) to engage in international trade.