Question 1 (5 points) Listen Which of the following can lead to a favorable variance? budgeted costs are less than actual costs actual fixed overhead cost is greater than the budgeted fixed overhead cost actual revenues exceed budgeted revenues actual material purchase price is greater than the standard price Previous Page Next Page Page 1 of 6 Question 3 (5 points) Listen Which of the following is a reason for a favorable material price variance? the personnel manager hiring underskilled workers the purchasing manager accepting a bid from the highest-priced supplier to ensure the quality of material the purchasing manager giving orders for small quantity to reduce storage cost the purchasing manager bargaining effectively with suppliers Previous Page Next Page Page 3 of 6