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QUESTION 2 If the actual direct labor rate is greater than the standard direct labor rate, this will result in a(n): a. favorable labor rate

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QUESTION 2 If the actual direct labor rate is greater than the standard direct labor rate, this will result in a(n): a. favorable labor rate variance. b, favorable labor time variance. c. unfavorable labor time variance. d. unfavorable labor rate variance. QUESTION 3 The materials quantity variances focus on the difference between: Ca. actual costs of inputs and standard costs of inputs. b.actual quantity used and the standard quantity allowed for the budgeted production. c. actual costs of inputs for budgeted production. d. actual quantity used and the standard quantity allowed for the actual level of production. QUESTION 4 If the actual direct materials price per pound rate is greater than the standard direct materials price per pound, and the actual quantity of direct materials used is greater than the standard quantity of direct materials allowed for production, the direct materials variances will be: a, an unfavorable materials price variance, and an unfavorable materials quantity variance. cb. a favorable materials price variance, and an unfavorable materials quantity variance. cca favorable materials price variance, and a favorable materials quantity variance. d. an unfavorable materials price variance, and a favorable materials quantity variance

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