6. Opportunity costs are: a. Not used for decision making b. The same as variable costs c. The same as historical costs Relevant in decision making 7. The Swenson Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 35,000 pounds $4 per pound $7,000 unfavorable $4,200 favorable The actual price per pound of direct materials purchased in June is: a $3.92 b. $4.32 C. $4.08 @ $4.20 8. Consider the following statements I. II. A division's net operating income, after deducting both traceable and allocated common fixed costs, is negative. The division's avoidable fixed costs exceed its contri margin The division's traceable fixed costs plus its allocated common corporate costs exceed its contribution margin III. Which of the above statements is a valid reason for eliminating the division? a. Only I b. Only II Only III d. Only I &