QUESTION 7 If a company realizes a favorable labor efficiency variance, then which of the following conditions is necessarily TRUE?: The company actually paid workers less than the budgeted standard labor price. The company actually paid workers more than the budgeted standard labor price. o Workers actually spent more hours completing the job than the budgeted standard labor hours. 0 Workers actually spent fewer hours completing the job than the budgeted standard labor hours. QUESTION 8 Which of the following costs is an example of a fixed cost