What is the format for calculating a price variance'? What is the format for calculating a quantity variance? What is a favorable versus unfavorable variance? Favorable/unfavorable material quantity variance. Favorable/unfavorable material price variance. Which department should be responsible for the different variances? What is a possible reason for a variance between a flexible budget and actual results? When should variances be investigated? What does a variable overhead efficiency variance measure? How does the denominator level used to calculate overhead effect the cost of the product? What is the difference in practical standards and ideal standards? Which is better to use