The following information relates to production of 100 units of part number 61816. Item Quantity (Hours) Production employee time 10.00 hours Production manager's supervision time .15 hours .10 hours Quality control inspection employee time .60 hours Setup and downtime for production employee Total 10.85 hours Using normal standards, the standard direct labor quantity is 0.1070 hours per unit. .1060 hours per unit. O.1015 hours per unit. O.1085 hours per unit. Question 3 1 pts The per unit standards for direct material are 2 pounds at $17 per pound. The procurement manager approves the use of a new vendor who will supply 300 pounds of direct material for $5,000 to fill a rush order. This decision will always result in an unfavorable material price variance. an unfavorable total material variance. a favorable total material variance. a favorable material price variance. Question 2 1 pts The per-unit standards for direct labor are 3 direct labor hours at $12 per hour. If in producing 220 units, the actual direct labor cost was $7,546 for 616 direct labor hours worked, the total direct labor variance is $154 unfavorable. $374 favorable. $528 favorable $165 unfavorable. Question 5 1 pts In lecture, we concluded that an example of a capital budgeting project is purchasing stock in another company. purchasing inventory. purchasing bonds. purchasing manufacturing equipment