Question 10 (0.5 points) You have this data for a product made by ToolTime Company. Direct Materials standards are Quantity standard - 1.5 pounds Price standard - $4 per pound 2,000 units were produced in April. During April, the company actually purchased and used 3,100 pounds of direct materials at an actual price of $3.90 per pound. What is the direct materials price variance for April? $90 unfavorable $310 favorable $400 favorable $700 favorable Question 11 (0.5 points) Which of the following is true? The form, content, and frequency of variance reports vary considerably among companies. The form, content, and frequency of variance reports do not vary among companies. The form and content of variance reports vary considerably among companies, but the frequency is always weekly. The form and content of variance reports are consistent among companies, but the frequency varies