Debit balances in variance accounts represent favorable for price variances; unfavorable for quantity variances. favorable for quantity variances; unfavorable for price variances. unfavorable variances. favorable variances. The balanced scorecard is based solely on financial measures. does not use financial or nonfinancial measures. incorporates financial and nonfinancial measures in an integrated system is based solely on nonfinancial measures. The costing of inventories at standard cost for external financial statement reporting purposes is in accordance with generally accepted accounting principles if significant differences do not exist between actual and standard costs preferable to reporting at actual costs in accordance with generally accepted accounting principles if significant differences exist between actual and standard costs not permitted Which of the following is true? The form and content of variance reports are consistent among companies, but the frequency varies. The form and content of variance reports vary considerably among companies, but the frequency is always weekly. The form, content, and frequency of variance reports do not vary among companies The form, content, and frequency of variance reports vary considerably among companies