1. A summarized budget for several levels of volume that separates variable costs from fixed costs. a. Flexible budget b. Flexible budget variance c. Sales volume variance 2. A budget prepared for only one level of sales. d. Static budget 3. The difference between an actual amount and the budgeted amount. e. Variance 4. The difference arising because the company actually earned more or less revenue, or incurred more or less cost, than expected for the actual level of output. 5. The difference arising only because the number of units actually sold differs from the static budget units.

Multiple predetermined overhead rates: calculated for each department by dividing total estimated manufacturing overhead cost by total actual units of the allocation base. O a. O b. makes job-order costing less accurate accounting for costs. O c. none of the given answers is correct. O d. are based on actual total manufacturing overhead costs are calculated at the beginning of the accounting perioc before the actual amount of manufacturing overhead is known. O e.