lf variable manufacturing overhead is applied based on direct labor-hours, it is impossible to have a favorable labor rate variance and unfavorable variable overhead rate variance for the same period. True or False An unfavorable materials quantity variance indicates that: Multiple Choice O actual usage of material exceeds the standard material allowed for output. standard material allowed for output exceeds the actual usage of material. standard material price exceeds actual price. O actual material price exceeds standard price. The general model for calculating a quantity variance is: Multiple Choice 0 Actual quantity of inputs used >