15. Consider the following statements: I. "In some cases, a "favorable" variance can be worse than an "unfavorable" variance" [Consider comments about McDonald's [see textbook page 513] II. "A standard is a benchmark for measuring performance". [see textbook page 497] a. I is true; II is true c. I is false; II is true b. I is true; II is false d. I is false; II is false Answer 16. Consider the following statements: I. In Activity Based Costing [ABC] "Numerous overhead cost polls are used, each of which is allocated to products and other cost objects using its own unique measure of activity." II. In an Activity Based Costing [ABC] system, Both Direct Manufacturing Costs and Direct Non-manufacturing costs would be considered Product Costs. a. I is true; II is true c. I is false; II is true b. I is true; II is false d. I is false; II is false