Need help with 17-20

When using a standard costing system which of the following is false: all product costs are recorded at standard cost while the products are being made. direct material and direct labor are recorded at actual cost while manufacturing overhead is applied at a standard rule. at the end of the accounting period, the balances in all inventory and cost of goods sold accounts will be at standard amounts. Direct materials standards specify both Quantity and efficiency Efficiency and price Quantity and price Which of the following is not a component of the master budget? Selling and administrative expenses budget Ending inventory and cost of goods sold budget Capital expenditures budget Assume the actual sales volume is 69,000 units and the budgeted sales volume is 70, 000 units. If the actual sales price in $6 and the budgeted sales price is $6.50, what is the variance? $6,500 unfavorable $6,500 favorable