Question 1 Investment methods, such as net present value and internal rate of return, Not yet answered Marked out of 2.00 F Flag question Select one: O A. consider discounted cash flows O B. focus on the payback period O C. use simple interest calculations O D. use net income amounts rather than cash flows Question 2 For a merchandising company, the final step in the process of creating the master budget is the preparation of the Not yet answered Marked out of 2.00 P Flag question Select one: O A. operating budget O B. cash budget C. budgeted balance sheet O D. budgeted statement of retained earnings Question 3 Which of the following will result in an unfavorable direct materials efficiency variance? Not yet answered Select one: Marked out of 2.00 P Flag question O A. The actual quantity of direct materials used per unit is less than the standard quantity of direct materials allowed per unit. O B. The actual cost per unit of direct materials exceeds the standard cost of direct materials. O C. The actual quantity of direct materials used per unit exceeds the standard quantity of direct materials allowed per unit. O D. The actual cost per unit of direct materials is less than the standard cost per unit of direct materials