Numbers 1 & 2 are worth 2 points each. 1. True or false: standards are used to help break down activity variances into two categories: price variances and quantity variances. Answer: 2. True or false: when direct labor is used as the basis for applying standard VMOH rates, if the direct labor efficiency variance is favorable, the variable overhead efficiency variance will be unfavorable. Answer: 5 3. Short answer, worth 3 points. Tell as much as you know, based on the information we've learned in 6 chapter 10 (Standard Costs & Variances). Feel free to add more rows to the answer box if you need more -8 What does an unfavorable labor efficiency variance mean? What could be the cause of such a variance? 30 4. Short answer, worth 3 points. Tell as much as you know, based on the information we've learned in 11 chapter 10 (Standard Costs & Variances). Feel free to add more rows to the answer box if you need more 33 What does an unfavorable materials quantity variance mean? What could be the cause of such a variance