Indicate whether the following statements are true or false.

Indicate whether the following statements are true or false. Select] When standard costs are used, factory overhead is assigned to products with a predetermined standard overhead rate. Select] A variable or flexible budget is so named because it only focuses on variable costs. [ Select] A flexible budget expresses all costs on a per unit basis, regardless of cost behavior. [Select] The usefulness of a flexible budget depends on the valid classification of costs in terms of period and product costs rather than variable and fixed costs. Select] A favorable direct materials price variance might lead to an unfavorable direct materials quantity variance because the company purchased inferior materials. [Select] One possible explanation for direct labor rate and efficiency variances is the use of workers with different skill levels. [Select ] If ending variance account balances are material, they should always be closed directly to Cost of Goods Sold. [Select] A volume variance occurs when the company operates at a different capacity level than was expected