1.

A variance caused by using more or less than the standard amount of direct materials to produce your product.

		Labor efficiency variance
		labor rate variance
		materials usage variance
		materials price variance

2.

What details future plans for the acquisition of assets?

		Cash budget
		sales budget
		operating budget
		capital budget

3.

A variance caused by using more or less than the standard amount of direct labor hours to produce your product.

		materials price variance
		materials usage variance
		labor rate variance
		Labor efficiency variance