1.

A variance caused by paying your workers more or less than the rate to produce your product.

		Labor efficiency variance
		labor rate variance
		materials price variance
		materials usage variance

2.

Which budget would you use to see if you had enough cash to pay off a debt?

		cash budget
		Production or purchases budget
		Cost of goods sold budget
		Sales budget

3.

Difference between actual and budgeted amounts for a manufacturing cost

		indirect cost
		direct cost
		investment
		variance

4.

Which is NOT correct concerning a profit center?

		it is a responsibility center
		It can show a profit or a loss
		It has revenues and expenses
		It can never show a loss