This week, you made 50 units of Product V86, which has the following standards and actuals: Direct Hours standard: 4.00 hours per unit $20.00 per hour Direct Hours actuals: 3.80 hours per unit $21.00 per hour What is the TOTAL Direct Labor Time Variance? Remember the hints from prior problems..... Select one: a. + $210.00 Unfavorable ob. + $200.00 Unfavorable C. - $210,00 Favorable O d. - $200.00 Favorable True/False: Standards should be constantly revised to reflect whatever you are currently pay for materials and labor Select one: True False True/False: Financial Performance Measures are expressed in dollars. NonFinancial Performance Measures are expressed in any other type of unit other than dollars. Select one: True O False True/False: The following is the correct journal entry to record a FAVORABLE price variance.. Dr. Work-in-Process $10,000 Dr. DM Price Variance 2,000 Cr. Accounts Payable $12,000 Select one: True O False True/False: When standards no longer reflect the operating conditions that they were intended to measure, the standards should be revised. Select one: True False