A plausible explanation for a favourable materials quantity variance is a. better qualified labor was hired which resulted in less labor time needed to manufacture each unit O b. all of these O c. better quality materials were purchases and there was less waste O d. cheaper direct materials were purchased and there was more wasteQuestion 2 A flexible budget Not yet answered O a. is used to prepare the income statement Marked out of 1.00 O b. uses the same budget data used to prepare the static budget Flag question O c. is one that is prepared for different levels of activity O d. none of theseQuestion 3 Dynamo Inc's static budget called for production of 10,000 units of product. It actually produced 9,500 unit. Not yet The standard quantity of direct materials per unit is 5 kilograms and the standard cost per kilogram is $2.50. answered The actual price paid for direct materials was $2.30 per kilogram. Marked out of 1.00 The standard quantity multiplied by the standard price ( SQ x SP) for direct materials is: Flag question O a. $109,250 O b. $118,750 O c. $125,000 O d. $115,0003-551": 4 r Borden Enterprises uses standard costing. For the month of April. the company reported the following data: Standard direct labour rate: $9.50 per hour. Standard hours allowed for actual production: 0000- Actual direct labour rate: $10.00 per hour. Actual labour hours used: 9000 The labour rate and efficiency variances forApril are : Not yet answered Marked out of 4.00 'L" Flag question Select one: 0 $5. 500 U for labour rate: $5.000 F for labor efficiency 0 $4500 F for labour rate; $10000 U for labor efficiency 0 none of these 0 $4500 U for labour rate; $9,500 U for labor efficiency Question 5 A static budget Not yet answered Select one: Marked out of O is used to compute the flexible budget variance 1.00 Flag question O is used to prepare the income statement O is developed for multiple levels of planned activities O is developed for a single level of planned activity