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:

Attributes

Characteristics or qualities that describe an object, person, or phenomena.

Management By Objectives

A management strategy where employees set objectives that contribute to overall company goals, enhancing productivity and motivation.

Performance Objectives

Specific goals related to the output or outcome expected from an employee's work, often used for evaluation and improvement purposes.

Reward Distribution

The process of allocating incentives and compensations to employees based on their performance, contribution, or position within an organization.