ACROSS
2. For direct manufacturing labor: Price variance + __________ variance = Flexible-budget variance
4. Finance and nonfinancial __________ measures 6. Budgeted quantity of input allowed for actual __________
8. Variable overhead flexible-budget variance = Variable overhead __________ variance + Variable overhead efficiency variance
10. A type of budget based on the output level planned at the start of the budget period
13. The continuous process of measuring products, services, and activities against the best levels of performance
14. Flexible-budget variance + __________-volume variance = Static-budget variance
15. Budgeted fixed overhead - Fixed overhead allocated using budgeted input allowed for actual output units produced = __________-volume variance
16. The difference between an actual result and a budgeted amount
17. A type of budget based on the actual output level for the budget period 1. Companies plan their plant __________ strategically on the basis of expected usage over some future time horizon.
2. The degree to which a predetermined objective or target is met
3. Management by __________ is the practice of concentrating on areas not operating as anticipated and giving less attention to areas operating as anticipated.
5. A carefully predetermined price, cost, or quantity amount
7. __________ overhead never has an efficiency variance.
9. The __________ level of the allocation base is used in computing the budgeted fixed overhead cost rate.
11. These variances decrease operating income relative to the budgeted amount.
12. Do not automatically interpret a __________ variance as "good news."
18. A favorable variance is a __________ in a journal entry.
Down
1. Companies plan their plant __________ strategically on the basis of expected usage over some future time horizon.
2. The degree to which a predetermined objective or target is met
3. Management by __________ is the practice of concentrating on areas not operating as anticipated and giving less attention to areas operating as anticipated.
5. A carefully predetermined price, cost, or quantity amount
7. __________ overhead never has an efficiency variance.
9. The __________ level of the allocation base is used in computing the budgeted fixed overhead cost rate.
11. These variances decrease operating income relative to the budgeted amount.
12. Do not automatically interpret a __________ variance as "good news."
18. A favorable variance is a __________ in a journal entry.