Which of the following would be the most likely cause for a favorable direct labor rate variance? The cost of welding gas per cubic meter (included in variable overhead) used by the welders was greater than expected. The mix of employees used included a higher percentage of less senior, lower paid employees than normal. The material that was purchased was of poor quality and difficult to work with. The volume of output produced during the month was greater than expected and unexpected overtime costs were incurred. hp Which of the following capital budget tools typically does not consider the time value of money? Accrual accounting rate of return Discounted payback method Internal rate of return Net present value 3 O BI 10