True False Which of the following would most likely be the reason for an unfavorable labor efficiency variance? A higher mix of skilled workers made more efficient use of the labor hours The company used lower skilled workers than they anticipated to complete products. High quality materials resulted in less time spent working with materials waste. An employee training program improved the efficient use of time. None of the answer choices is correct. The variable overhead efficiency variance is the difference between the actual hours worked at the standard rate and the standard hours worked at the standard rate. True False lf an analysts shows an unfavorable materials price variance of $22,000, the journal entry to record the purchase of direct materials and the related price variance would include: a debit to Accounts Payable for $22,000. a debit for $22,000 to Materials Price Variance. a credit for $22,000 to Materials Price Variance a credit to Work in Process Inventory for $22,000. None of the answer choices is correct. Standard costs are used to establish the flexible budget for direct labor. True False Which of the following is a possible cause for an unfavorable labor rate variance? An unexpected increase in hiring new unskilled personnel. Producing fewer units than expected. An unexpected increase in demand caused the direct labor workforce to work overtime. Using attainable standards rather than ideal standards