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Match each variance term

Exercise and reference answers

Matching pairs
  1. Left
    Variance
    Right
    Standard less actual result
  2. Left
    Unfavorable
    Right
    Spent or used more than set
  3. Left
    Price variance
    Right
    Cost per unit differs
  4. Left
    Quantity variance
    Right
    Amount used differs
  5. Left
    Rate variance
    Right
    Wage per hour differs
Instructions
Tap a term on the left, then tap its meaning on the right.

Explanation

_Source: OpenStax Principles of Accounting, Volume 2: Managerial Accounting (CC BY-NC-SA 4.0), Ch 8 'Standard Costs and Variances'_
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