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You are watching: The difference between total actual costs and total standard costs.

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Transcribed image text: Match the following statements to the appropriate terms. The difference between actual overhead incurred and overhead budgeted for the standard hours allowed. The hours that should have been worked for the units produced. The difference between the actual quantity times the actual price and the actual quantity times the standard nrira The difference between total actual costs and total standard costs. The difference between actual hours times the standard rate and standard hours times the standard Link to Text 4 rate. Predetermined unit costs that are measures of performance. The difference between normal capacity hours and standard hours allowed times the fixed overhead rate. Standards based on an efficient level of performance that are attainable under expected operating conditions Standards based on the optimum level of performance under perfect operating conditions. A double-entry system of accounting in which standard costs are used in making entries and variances are recognized in the accounts. Match the following statements to the appropriate terms. The difference between actual overhead incurred and overhead budgeted for the standard hours allowed. The hours that should have been worked for the units produced. The difference between the actual quantity times the actual price and the actual quantity times the standard price The difference between total actual costs and total standard costs. The difference between actual hours times the standard rate and standard hours times the standard Overhead controllable variance Standard costs Normal standards Ideal standards Materials price variance Labor quantity variance rate. Predetermined unit costs that are measures of performance. The difference between normal capacity hours and standard hours allowed times the fixed overhead Standard cost accounting system Overhead volume variance Standard hours allowed Variances rate. Standards based on an efficient level of performance that are attainable under expected operating conditions Standards based on the optimum level of performance under perfect operating conditions. A double-entry system of accounting in which standard costs are used in making entries and variances are recognized in the accounts.

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The budgeted overhead costs for standard hours allowed and the overhead costs applied to the product are the same amount for variable overhead costs. only when standard hours allowed are less than normal capacity for fixed overhead costs for both variable and fixed overhead costs