Question 32 (Mandatory) (1.5 points) e following data is given for the Taylor Company bucketed production Actual production Materials 1,000 units 980 units Standard price per lb Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: $2.00 12 11,800 $23,000 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead $14 per hour 4.5 4,560 $62,928 Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $27,000 $3.50 per standard labor hour $15,500 Overhead is applied on standard labor hours. The direct material quantity variance is: 600F 600U Question 30 (Mandatory) (1.5 points) Under which inventory costing method could increases or decreases in income from operations be misinterpreted to be the result of operating efficiencies or inefficiencies? Variable costing Absorption costing Incremental costing Differential costing Question 26 (Mandatory) (1.5 points) Incurring actual indirect factory wages in excess of budgeted amounts for actual production results in a quantity variance controllable variance volume variance rate variance