True or False...A favorable cost variance is typically shown on the financial statements as a deduction from cost of goods sold.

True or False...If a factory operates at 95% of capacity in March and 100% of capacity in April, the cost per unit charged to Work in Process for April, using a standard cost accounting system, will be higher than for March.

True or False...The difference between sales revenue and total fixed costs is the contribution margin.

True or False... The net labor variances can be broken down into the rate and efficiency variances.

True or False... An unfavorable cost variance is commonly shown on the financial statements as a deduction from cost of goods sold.