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8) All of the following factors should influence the decision to investigate a variance xcept A) The direction of the variance (favorable or umfavorable). B)
8) All of the following factors should influence the decision to investigate a variance xcept A) The direction of the variance (favorable or umfavorable). B) Frequency of occurrence. C) Capacity for management to control. D) Materiality of the variance amount. 2 9) The Russell Company provides the following standard cost data per unit of product: 9) Direct material (3 gallons@ $6 per gallon) Direct labor (2 hours @ $10 per hour) $ 18.00 $ 20.00 During the period, the company produced and sold 22,000 units incurring the following COsts: Direct material Direct labor 68,000 gallons 45,500 hours $ 5.90 per gallon @ $ 9.75 per hour The direct labor usage variance was: A) $15,000 favorable. C) $14,625 unfavorable. B) $14,625 favorable. D) $15,000 unfavorable
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