A company planmed to produce 3,000 units of its single product, Titactium, during November. The standard specifications for one unit of Titactim include 6 pounds of material at $30 per pound Actual production in November was 3,100 units of Titactium The accountant computed a favorable materials price variance of $380 and an mfavorable materials usage variance of $120. Based on these variances, one could conclude that A) More materials were purchased than were used B) More materials were used than were purchased C) The actual cost of materials was less than the standard cost. D) That actual cost and usage of materials were both less than standard An unfavorable direct labor efficiency variance could be caused by a A) Unfavorable variable overhead spending variance. B) Unfavorable direct materials usage variance. C) Unfavorable fixed overhead volume variance. D) Favorable variable overhead spending variance. Which of the following is the most probable reason a company would experience an umfavorable labor rate variance and a favorable labor efficiency variance? A) The mix of workers assigned to the particular job was beavily weighted toward the use of higher- paid, experienced individuals. B) The mix of workers assigned to the particular job was heavily weighted toward the use of new relatively low-paid unmskilled workers. C) Because of the prochiction schechule, workers from other production areas were assigned to assist in this particular process. D) Defective materials caused more labor to be used to produce a standard unit. When a change in the manifactring process reduces the mber of direct labor bours and standards ane unchanged, the resulting variance will be A) A favorable labor usage variance. B) An umfavorable labor usage variance. C) An umfavorable labor rate variance D) A favorable labor rate variance. Which of the following statements is true regarding variable overhead spending variance? a. It measures the change in variable overbead consumption that occurs because of efficient or nefficient use of direct labor b. It measures the difference between actual variable overhead and budgeted variable overhead for actual level of activit)y c. It shows the impact of a difference between actual units prochuced and budgeted units. d It measures the aggregate effect of differences in actual variable overhead rate and standard variable overhead rate