Which of the following statements are false about variance analysis (select all that apply)? o The two departments in a company that use variance analysis are IT (information technology) and manufacturing O Using less direct materials per unit than the standard amount results in a favorable quantity variance. o If spending variance in direct labor is zero and labor rate variance is zero, then labor efficiency variance must als An unfavorable labor cost activity variance is a strong indicator of bad performance. Inflation in input costs can result in an unfavorable spending variance