true/ false

1. When a comparison of static and flexible budgets shows an unfavorable sales volume variance, the variable cost volume variances will also be unfavorable.

2. The differences between the standard and actual amounts are called variances.

3. The best standards to include in a standard cost system are ideal standards.

4. If the master budget prepared at a volume level of 20,000 units includes factory rent of $40,000, a flexible budget based on a volume of 21,000 units would include factory rent of $40,000.