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E Company has developed the following standards for one of its products: Direct materials: 20 pounds at $4 per pound Direct labor: 5 hours at $18 per hour The following activities occurred during the month of October: Materials used: 220,000 pounds at $3.80 ber pound Units produced: 10,000 units Direct labor: 51,000 hours at $17.70 per hour E Company's materials price variance would be: O $44,000 unfavorable O $44,000 favorable O None of the answers are correct O $0 A project will normally not be undertaken if its net present value is O zero O Two of the answers are correct. O Cannot be determined from the information given. O positive O negative Which of the following statements is false? O Given that no other factors change, an increase in fixed costs leads to an increase in the number of units needed to break even. O Given that no other factors change, a decrease in contribution margin per unit leads to a reduction in the number of units needed to break even. O Given that no other factors change, an increase in selling price leads to a reduction in the number of units needed to break even. O Given that no other factors change, an increase in variable costs leads to an increase in the number of units needed to break even. Financial budgets typically include all of the following budgets except the O Sales budget O Cash receipts budget O Budgeted balance sheet O Cash disbursements budget O None of the answers are correct