1. Relevant costs are:

a) all fixed and variable costs.

b) all costs that would be incurred within the relevant range of production.

c)past costs that are expected to be different in the future.

d)anticipated future costs that will differ among various alternatives.

2. In a standard cost system, when actual units produced is greater than budgeted units, there will be a(n)

a)		unfavorable capacity variance.
b)		favorable material and labor usage variance.
c)		favorable volume variance.
d)		unfavorable manufacturing overhead variance.