10. LO 8.2When is the material quantity variance favorable?

1. when the actual quantity used is greater than the standard quantity
2. when the actual quantity used is less than the standard quantity
3. when the actual price paid is greater than the standard price
4. when the actual price is less than the standard price

12. LO 8.3What are some possible reasons for a labor rate variance?

1. hiring of less qualified workers
2. an excess of material usage
3. material price increase
4. utilities usage change

14. LO 8.3When is the labor rate variance favorable?

1. when the actual quantity used is greater than the standard quantity
2. when the actual quantity used is less than the standard quantity
3. when the actual price paid is greater than the standard price
4. when the actual price is less than the standard price

16. LO 8.3When is the direct labor time variance favorable?

1. when the actual quantity used is greater than the standard quantity
2. when the actual quantity used is less than the standard quantity
3. when the actual price paid is greater than the standard price
4. when the actual price is less than the standard price