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The standard cost per unit for all three variable manufacturing costs is computed in which of the following ways? Multiple Choice Standard quantity or hours - standard price or rate Standard quantity or hours standard price or rate Standard quantity or hours + standard price or rate Standard quantity or hours * (standard price or rate - actual price or rate) A planning budget is usually prepared: Multiple Choice before the period begins. after the period ends. during the period. after the flexible budget is prepared. An activity variance is calculated by comparing the: Multiple Choice planning budget to the actual results. planning budget to the flexible budget. flexible budget to the actual results. static budget to the actual results. Which of the following statements is true with respect to the labor rate variance? Multiple Choice 0 It is computed using the standard hours allowed for the actual output. It is computed using the difference between the actual hours worked and the standard hours allowed for the actual output It is computed using the actual hours worked. It is computed based solely on the standard hourly rate