This Question: 1 pt 2 of 12 (1 complete) Which of the following statements is correct with regard to production variances? OA The sum of the direct labor rate and the direct labor efficiency variances always equal the total direct labor variance O B. The sum of the direct material price and direct material quantity variances always equal the total direct material variance. OC. Direct material variances are concerned only with the purchasing functions of a company's manufacturing operations OD. The standard quantity allowed is used to determine the direct materials price variance O E Use of laborers with high hourly wage rates for production activities requiring low hourly wages rate laborers would always result in an unfavorable labor efficiency variance Click to select your answer This Question: 1 pt Which of the following statements is correct with regard to production variances? O A. The sum of the direct labor rate and the direct labor efficiency variances always equal the total direct labor varian OB. The sum of the direct material price and direct material quantity variances always equal the total direct material OC. Direct material variances are concerned only with the purchasing functions of a company's manufacturing operati OD. The standard quantity allowed is used to determine the direct materials price variance. OE. Use of laborers with high hourly wage rates for production activities requiring low hourly wages rate laborers would Click to select your answer. MacBook P esc 38 auction variances? ciency variances always equal the total direct labor variance. quantity variances always equal the total direct material variance. wurchasing functions of a company's manufacturing operations. direct materials price variance. tion activities requiring low hourly wages rate laborers would always result in an unfavorable labor officiency variance MacBook Pro 5 6 7