Which of the following does not exist for Direct Labor?

Question 1 options:

	Price variance
	Efficiency Variance
	Flexible Budget Variance
	All of these exist for direct labor

A favorable variance means:

Question 2 options:

	It depends
	The company did a good job
	Expenses were higher than budgeted
	The company did a poor job

We book variances all throughout the year for fixed manufacturing overhead.

Question 3 options:

	True
	False

We book variances all throughout the year for direct labor.

Question 4 options:

	True
	False