Question 5 4 pts When the direct material price variance is recognized in the ledger accounts at the time materials are purchased, subsequent issues (using) of materials should be: credited to Materials Control on a standard price basis credited to Materials Control on an actual price basis debited to Work in Process on an actual price basis debited to Materials Control on a standard price basis Question 6 4 pts What does a debit balance in the direct labor efficiency variance account indicate? The average wage rate paid to direct labor employees was more than the standard rate. The average wage rate paid to direct labor employees was less than the standard rate. The standard hours allowed for the units produced was less than actual direct labor hours used. The standard hours allowed for the units produced was more than actual direct labor hours used. Actual total direct labor costs incurred were more than standard direct labor costs allowed for the units produced The number of units produced and sold was more than the number of units budgeted for the period. Question 9 4 pts The sum of the production volume variance and the flexible budget variance for fixed overhead is equal to: applied fixed overhead minus the spending variance actual fixed overhead minus the efficiency variance the difference between actual and budgeted fixed overhead the difference between applied and actual fixed overhead Question 10 4 pts For variable factory overhead, the difference between the flexible budget variance and the spending variance is equal to the efficiency variance true false O it depends upon you mood only on Sunday or alternate Friday's in leap years