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A report that compares actual revenues

A report that compares actual revenues 



1.Presented below are terms preceded by letters a through h and followed by a list of definitions 1 through
8. Enter the letter of the term with the definition, using the space preceding the definition.
1. Fixed
budget
performance
report
Difference in sales or costs, when the actual value is
compared to the budgeted value, that contributes to a lower
income.
__
_
2. Quantity
variance
A report that compares results with fixed budgeted amounts
and identifies the differences as favorable or unfavorable
variances.
__
_
3. Favorable
variance
The difference between the actual price of an item and its
standard price.
__
_
4. Budgetary
control
Difference in sales or costs, when the actual value is
compared to the budgeted value, that contributes to a higher
income.
__
_
5. Flexible
budget
performance
report
Use of budgets by management to monitor and control the
operations of a company.
__
_
6. Spending
variance
Difference between actual quantity of an input and the
standard quantity of the input.
__
_
7. Overhead
cost
variance
Difference between the total overhead cost applied to
products and the total overhead cost actually incurred.
__
_
8. Unfavora
ble variance
A report that compares actual revenues and costs with
their variable budgeted amounts based on actual sales volume
(or other level of activity) and identifies the differences as
variances.
__
_




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Answered
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12 Apr 2016

Answers (1)

  1. Genius

    A report that compares actual revenues

    A report that compares actual revenues A report that compares ****** ******
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