Question $1(1$ point$)$

Which of the following statement regarding variances is incorrect?

The DM price variance compares the actual cost per unit of output to the standard cost per unit of output.

The DL efficiency variance compares the actual DL hours logged during production to the standard quantity of DL hours allowed during production.

The DL rate variance compares the actual rate per DL hour to the standard rate per DL hour

The Flexible budget variance is broken down into the DM price variance, DM quantity variance, $DL$ rate variance, and $DL$ efficiency variance.

The DM quantity variance compares the amount of input used during production to the standard quantity of input allowed during production