Question 33 (2.5 points) If budgets are to be effective, all of the following must be present except sound organizational structure. Ostockholders' approval of the budget. O research and analysis in setting realistic goals. O acceptance at all levels of management. Question 34 (2.5 points) Bonnot Corporation makes a product that has the following direct labor standards: 0.2 hours per unit @ $21.00 per hour. The company budgeted for production of 2,100 units in October, but actual production was 1,900 units. The company used 410 direct labor-hours to produce this output. The actual direct labor rate was $20.60 per hour. The labor quantity variance for October is: $210 F $630 F $210 U O$630 U Question 35 (2.5 points) Bonnot Corporation makes a product that has the following direct labor standards: 0.2 hours per unit @ $21.00 per hour. The company budgeted for production of 2.100 units in October, but actual production was 1,900 units. The company used 410 direct labor-hours to produce this output. The actual direct labor rate was $20.60 per hour. The labor rate variance for October is: $152 U $164 F $164 U $152 F Question 36 (2.5 points) The overall objective in the determination of a transfer price is to O minimize the cost to the purchasing division. Omaximize the return of the selling division. O minimize the return of the selling division O maximize the return to the whole company