Question 7 5 pts Suppose your company was examining materials costs, and suppose those costs are strictly variable in nature. If you prepared a performance report that compared actual results to your static budget, the variance you found at that level be useful in determining if the production manager did a good job controlling materials costs for the period under review. However, if you calculated a variance by comparing actual results to a flexible budget, that would give you a better idea of how well.costs were controlled, and if you took that a step further and broke that variance down into and variances you'd REALLY start to have a good sense of where potential differences came from this period. would not revenue; ratequantity would spending cost, efficiency would spending rate: efficiency Owould not spending price: quantity Question 8 5 pts Piekos Corporation is a manufacturer that uses job-order costing. In a recent period, Piekos' reported total cost of goods manufactured of