11. A favorable materials quantity variance indicates that: a) actual usage of material exceeds the standard material allowed for output. b) standard material allowed for output exceeds the actual usage of material. c) actual material price exceeds standard price. d) standard material price exceeds actual price. 12. The opportunity cost of making a component part in a factory with excess capacity for which there is no alternative use is: G a) the variable manufacturing cost of the component. b) the total manufacturing cost of the component. c) the fixed manufacturing cost of the component. d) zero. View Grammarly's additional suggestions for this document