Match Each Word with the Correct Definition

question 67

Essay

Match each word with the correct definition.

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Definitions:

Variable Overhead Efficiency Variance

A measure used in managerial accounting to assess the efficiency of variable overhead costs incurred relative to the expected amount of those costs.

January

In the Gregorian calendar, the year begins with January, recognized as the first month.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard variable overhead expected for the actual production level.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost of the variable overhead allotted for the actual production level.