5. Ba sed on BITCO's information, the direct labor quantity variance for the month was: a. $3,650 favorable b. $2,450 favorable c. $1,200 unfavorable d. $1,200 favorable e. $2,450 unfavorable What do flexible budgets help to measure? a. b. c. d. e. 6. the efficiency of operations at the standard activity levels the amount by which standard and expected prices differ both A and B the efficiency of operations at the actual activity levels none of the above Price Company's flexible budget shows$ operating level achieved during May. However, the company applied overhead to production 7. 10,710 of overhead at 75% of capacity, which was the during May at a rate of $2.00 per direct labor hour based on a budgeted operating level of 6.120 direct labor hours (90% of capacity). Ifoverhead act controllable variance for the month was: ually incurred was S11.183 during May. the a. $473 unfavorable. b. $473 favorable. c. $1,530 favorable. d. $1,530 unfavorable. e. $1,057 favorable 8. Adams, Inc., uses the following standard to produce a single unit of its product: Overhead (2 hrs.$3/hr.)$6 The flexible budget for overhead is $100.000 plus $I per direct labor hour. Actual data for the month show overhead costs of $150.000, and 24.000 units produced. The overhead volume variance is: a. $10,000 favorable. b. $12,000 favorable. c. $4,000 unfavorable. d. $16,000 unfavorable e. $36,000 unfavorable