Regarding Direct Materials, standard quantity per unit (the standard input to output ratio) is best defined as: Estimated amount of direct materials expected be used for each unit of finished product Exact amount of direct materials used per unit of finished product Estimated price expected be paid for each unit of direct materials Sum of estimated direct and indirect materials divided by units produced Question 2 1 pts Spending variances for each respective account Cire equal to: (Select all that apply and assume the quantity of materials used is equal to the quantity of materials purchased) DM: Static Variance - Price Variance DL: Labor Rate Variance + Labor Activity Variance DM: Price Variance + Quantity Variance VMOH: Production Volume Variance + Rate Variance DL: Labor Rate Variance + Labor Efficiency Variance