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Which of the following statements is false: When setting the direct labor price standard, management should include anticipated rate changes or benefits such as

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Which of the following statements is false: When setting the direct labor price standard, management should include anticipated rate changes or benefits such as vacation pay. O When setting the direct material quantity normal standard, management should not include allowances for unavoidable waste and normal spoilage. O When setting the direct material price standard, management should include costs such as receiving and storing the materials. When setting the direct labor quantity standard, management should include allowances for breaks, cleanup, machine setup and downtime. O All of the above statements are true. O All of the above statements are false.

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