1. This standard is set at a level that may be reached with reasonable effort.

a. unattainable standard

b. ideal standard

c. variance from standard

d. attainable standard

2. This variance is the difference involving spending more or using more than the standard amount

a. unfavorable variance

b. favorable variance

c. no variance

d. variance

3. What are some possible reasons for a material price variance?

a. labor efficiency

b. labor rate decreases

c. labor rate increases

d. substandard material

4. What are some possible reasons for a material price variance?

a. labor efficiency

b. labor rate decreases

c. labor rate increases

d. substandard material