1-5 please

20.pdf 1. Consider the following statements: I. To help assess how well a manager has controlled costs, actual costs should be compared to what the costs should have been for the actual level of activity. II. The Total Cost Variance consists of an Activity Variance and a Spending Variance. a. I is true; Il is true b. I is true; Il is false C. I is false; Il is true d. I is false; ll is false 2. Consider the following statements: I. The Activity variance for a cost is favorable if the actual cost exceeds the cost in the applicable flexible budget. II. A Planning Budget is a budget created at the beginning of the budget period that is valid only for the planned level of activity. a. I is true; Il is true b. I is true; llis false c. lis false; li is true d. I is false; Il is false 3. Consider the following statements: 1. If the actual level of activity differs from what was planned, it would be misleading to compare actual costs to the static, unchanged planning budget. II. Differences between the static planning budget and the flexible budget show what should have happened because the actual level of activity differed from what had been planned. a. I is true; it is true b. 1 is true; ll is false c. Iis false; il is true d. 1 is false; Il is false 4. A budget that is based on the actual activity of a period is known as a: a. Continuous budget. b. Flexible budget. c. Movable budget d. Master budget. 5. A company plans to produce 1,000 units at a cost of $5.00 per unit. The company actually Spends 56,180 while making 1.200 units. The company's spending variance is a. S 6,000 Unfavorable 1,180 Unfavorable 180 Favorable 180 Unfavorable b