Caps L Shift 29. The difference between the split cost and the standard cost for direct materials is called the Select one a Materials Price Variance b Materials Usage Variance eMaterials Eficiency Variance d. Materials Budget Variance e None of the above 30. Which of the following could cause a variable overhead flexible budget variance? a Varlable overhead costs being greater than expected for the given driver usage Select one: b. Variable overhead costs being less than expected for the given driver usage Driver usage being greater than expected for the given level of production d. Driver usage being less than expected for the given level of production e. All of the above 31. Which of the following could be a variance that would be highlighted throughi standard costing? Select one: a. Wage increases b. Materials price increases c. Excess overtime hours d. Fixed cost reductions e. All of the above 32. The standard direct labor per-unit cost is equal to: Select one: a. Standard hours x Standard wage rate b. Expected hours x Standard wage rate c. Actual hours x Expected wage rate d. Expected hours x Actual wage rate e. None of the above 33. The equation to calculate the direct materials price variance is: Select one: a. AQx (SP-AP) b. SP x (AQ-SQ) c. AP x (AQ-SQ) d. SQx (AP-SP) e. None of the above