Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
Match each of the following formulas and phrases with the term it describes.
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(Actual Direct Labor Hours - Standard Direct Labor Hours) * Standard Rate per Hour
(Actual Rate per Hour - Standard Rate per Hour) * Actual Hours
(Actual Price - Standard Price) * Actual Quantity
(Actual Quantity - Standard Quantity) * Standard Price
Standard variable overhead for actual units produced
Direct labor time variance
Direct labor rate variance
Direct materials price variance
Budgeted variable factory overhead
Direct materials quantity variance
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Home » Business » Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following formulas and phrases with the term it describes.