43. Barenz Builders had the following information available for the past twelve months: Budgeted factory overhead costs Actual factory overhead costs Budgeted machine hours Actual machine hours $80,000 40,000 39,500 Assume the cost driver for factory overhead costs is machine hours and a job uses 10,000 machine hours. The job was budgeted to use 11,000 machine hours. What amount of factory overhead is applied to the job? A) $20,000 B) $20,250 C) $22,000 D) $22,278 Answer: 44. Rate variances are the same asvariances. Efficiency variances are the same as variances. A) spending; effective B) activity; static C) usage; quantity D) price; quantity Answer: 45. In the net present value method, the disposal value of a long-term asset at the end of its useful life is considered to be a A) cash outflow at time zero B) cash inflow at time zero C) cash outflow in the year of disposal D) cash inflow in the year of disposal