A flexible budget shows Select one: O the amount of profit or loss that would have been earned if actual units had been sold and produced at the standard prices and costs O the amount of profit or loss that would have been earned if actual units had been sold and produced at the actual prices and costs O the amount of profit or loss that would have been earned if budgeted units had been sold and produced at the actual prices and costs O the amount of profit or loss that would have been earned if budgeted units had been sold and produced at the actual prices and costsCox Company's direct material costs for the month of January were as follows: Actual quantity purchased 18,000 kilograms Actual unit purchase price $3.60 per kilogram Materials price variance--unfavourable (based on $3,600 purchases) Standard quantity allowed for actual production 16,000 kilograms Actual quantity used 15,000 kilograms For January there was a favourable direct material quantity variance of? Select one: O $3,400 O $3,375 O $3,360 O $3,800The following labour standards have been established for a particular product: Standard labour hours per unit of 8.3 hours output Standard labour rate $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,100 hours Actual total labour cost $71,370 Actual output 900 units What is the labour efficiency variance for the month? Select one: O $19,017 U O $16,577 F O $19,017 F. O $16,029 F