Select the Term That Best Fits the Definition or Description;

question 13

Essay

Select the term that best fits the definition or description; enter the number of the term in the column for Your Answer. $\begin{array}{|l|l|l|}\hline \text { Your Answer } & \text { Definution or Description } & \text { Term } \\\hline & \begin{array}{l}\text { A. The difference between actual sales in dollars and the } \\\text { standard sales price per unit times the actual level of activity }\end{array} & \text { 1. Economies of scale } \\\hline & \begin{array}{l}\text { B. A variance that occurs when the amount of applied } \\\text { overhead differs from the actual overhead costs }\end{array} & \text { 2. Flexible budgets } \\\hline& \begin{array}{l}\text { C. Budgets that show expected revenues and costs for muliple } \\\text { levels of activity }\end{array} & \text { 3. Lax standards } \\\hline & \text { D. Differences between standard and actual amounts } & \text { 4. Making the numbers } \\\hline & \begin{array}{l}\text { E. The lower unt cost advantage possible for companies with } \\\text { ligh fixed costs when volme increases }\end{array} & \text { 5. Management by exception } \\\hline &\begin{array}{l}\text { F. Standard representing a level of performance attainable with } \\\text { reasonable effort }\end{array} & \text { 6. Practical standard } \\\hline & \begin{array}{l}\text { G. Marketing managers attaining the sales vohume indicated in } \\\text { the master bodget }\end{array} & \text { 7. Sales price variance } \\\hline &\begin{array}{l}\text { H. Easily attainable goals that can be accomplished with } \\\text { minimal effort }\end{array} & \text { 8. Total overhead variance } \\\hline& \begin{array}{l}\text { I. The use of management resources in areas that are not } \\\text { performing in accordance with expectations }\end{array} & \text { 9. Unfavorable variance } \\\hline &\begin{array}{l}\text { J. A variance that occurs when actual costs exceed standard } \\\text { costs or when actual sales are less than standard sales }\end{array} & \text { 10. Variances } \\\hline\end{array}$ First set of changes are due to wording in text ("…Melrose has a fixed cost volume variance of $16,200 ($307,800 budgeted fixed cost − $291,600 applied fixed cost)"
CHANGES NEED TO BE MAD TO TABLE
Term #8 - Reword as:
Fixed cost volume variance
Item B to:
Difference between applied fixed cost based on actual volume and the budgeted fixed cost based on planned volume
Since the term "economies of scale" is not in the chapter:
Remove item E
Remove term #1
Reletter and renumber remaining items and terms.

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Definitions:

Intra-Abdominal Bleeding

Internal bleeding within the abdominal cavity, which can be a life-threatening emergency requiring immediate medical attention.

Right Lower Quadrant

A section of the abdomen that is bounded by the median line and the right iliac crest, commonly associated with the location of appendicitis symptoms.

Palpate

To examine or explore by touching (an organ or area of the body), usually to diagnose a condition or determine the presence of something.

Auscultate

The process of hearing the body's internal noises, usually with the help of a stethoscope, during a medical check-up.