Question 16 Not yet answered Marked out of 2 P Flag question The two levels that standards may be set at are Select one: a. normal and fully efficient. b. normal and ideal. c. ideal and less efficient. d. fully efficient and fully effective. Question 39 Not yet answered Marked out of 2 P Flag question An unfavorable materials quantity variance would occur if Select one: a. more materials were purchased than were used. b. actual pounds of materials used were less than the standard pounds allowed. c. actual labor hours used were greater than the standard labor hours allowed. d. actual pounds of materials used were greater than the standard pounds allowed. Question 41 Not yet answered Marked out of 2 P Flag question A negative net present value indicates that the Select one: a. project is acceptable. b. wrong discount rate was used. c. project's annual rate of return exceeds the discount rate.. d. present value of the cash inflows was less than the present value of the cash out flows