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3 years ago

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Business

1 answer:

777dan777 [17]3 years ago

4 0

Answer:

Results are below.

Explanation:

Match each of the following formulas and phrases with the term it describes.

A) (Actual Direct Labor Hours - Standard Direct Labor Hours) × Standard Rate per Hour

This is the formula for Direct labor time (efficiency) variance

B) (Actual Rate per Hour - Standard Rate per Hour) × Actual Hours

This is the formula for Direct labor rate variance

C) (Actual Price - Standard Price) × Actual Quantity

This is the formula for Direct materials price variance

D) (Actual Quantity - Standard Quantity) × Standard Price

This is the formula for Direct materials quantity variance

E) Standard variable overhead for actual units produced

Budgeted variable factory overhead

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