Question 11 (1 point) The volume variance provides information to management about O 1) cost control O 2) performance for evaluation purposes O 3) utilization of plant facilities 4) all of the responses are correct Question 12 (1 point) Genoa Manufacturing Company experienced an unfavorable materials price variance this month when it purchased 10,000 yards of materials at $4.00/yard instead of at $3.80/yard. The journal entry to record the purchase of the materials was 1. dr. Materials 40,000 cr. Materials Price Variance 2,000 Cr. Accounts Payable 38,000 2. dr. Accounts Payable 40,000 cr. Materials Price Variance 2,000 cr. Materials 38,000 3. dr. Materials 38,000 dr. Materials Price Variance 2,000 cr. Accounts Payable 40,000 4. Cannot be determined o 1)1 O 2) 2 O 3) 3 O 4)4 Save