Currently attainable standard

A) Ideal standard
B) Normal standard
C) Budget performance report
D) Unfavorable cost variance
E) Favorable cost variance

Currently Attainable Standard

This refers to a standard or benchmark that can be achieved under current operating conditions with reasonable efficiency.

Unfavorable Cost Variance

A variance that occurs when the actual cost exceeds the standard cost.

Favorable Cost Variance

A variance that occurs when the actual cost is less than standard cost.