Use the following to answer questions 31-33: At the beginning of the period, Poon Corporation budgeted the following: The company actually completed 800 hours of production 31. TRUE OR FALSE: The static budget is $29,500 32. TRUE OR FALSE: The flexible budget would be $23,600. 33. TRUE OR FALSE: If Poon's actual labor wage rate was $23.50 per hour, the direct-labor rate variance would be $1,000 favorable