attend college full time next semester. Which of the following would be considered an opportunity cost of attending college? 12. Hal currently works as the fry guy at Burger Haven but is thinking of quitting his job to A. B. C. the cost of the textbooks the cost of the cola that Hal will consume during class Hal's lost wages at Burger Haven the cost of commuting to the Burger Haven job D. 13. Tulip Midwifery's cost formula for its wages and salaries is $2.0 pe mons h irths but f 115 births, but per birth. For the month of January, the company planned for activity o the actual level of activity was 125 births. The actual wages and salaries for the month was $55,975. The wages and salaries in the flexible budget for January would be closest to: $48,500 $50,500 $52,500 $55,975 A. B. C. D. A company uses sugar in producing its product. If the price of sugar doubles, which variance is directly impacted? A. B. C. D. direct materials quantity variance direct materials price variance direct labor rate variance direct labor efficiency variance A favorable labor efficiency variance means that A. the actual wage rate paid was less than the standard wage rate. B. the actual wage rate paid was greater than the standard wage rate. C. the actual labor time taken was greater than the standard labor time allowed. D. the actual labor time taken was less than the standard labor time allowed