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4- Which of the following statements is true? I. The variable overhead efficiency variance does not actually measure how efficiently variable manufacturing overhead resources were

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4- Which of the following statements is true? I. The variable overhead efficiency variance does not actually measure how efficiently variable manufacturing overhead resources were used. 11. The variable overhead efficiency variance measures the difference between the actual losming of activity and the standard activity A: Only statement I is true. B: Only statement il is true. C. Both statements are true. D: Neither statement is true 5. When using a flexible budget, a decrease in activity within the relevant range: A: decreases variable cost per unit. B: increases variable cost per unit. C: decreases total costs. D: increases total costs. 6- The general model for calculating a quantity variance is: A: Actual quantity of inputs used (Actual price - Standard price). B. Standard price (Actual quantity of inputs used - Standard quantity allowed for output). C: (Actual quantity of inputs used x Actual price) - (Standard quantity allowed for output x Standard price). D: Actual price (Actual quantity of inputs used - Standard quantity allowed for output). 7- Mongelli Family Inn is a bed and breakfast establishment in a converted 100 -year-old mansion. The Inn's guests appreciate its gourmet breakfasts and individually decorated rooms. The Inn's overhead hurinot in.ut__. ppears below: ests The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 99 guests? (Round your intermediate calculations to 2 decimal places.) A: $7,793.90 B: $61,541.00 C: $8,512.90 D: $7,739.00

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