The difference between the flexible budget and the master budget gives rise to the Select one: O None of these O Efficiency variance O Sales volume variance O Price variance O Flexible budget varianceDahl Company, a clothing manufacturer, uses a standard costing system. Each unit of a finished product contains 2 metres of cloth. However, there is unavoidable waste of 20%, calculated on input quantities, when the cloth is cut for assembly. The cost of the cloth is $3 per metre. The standard direct material cost for cloth per unit of finished product is: Select one: O $6.00 O $7.20 O $7.50 O $4.80A master budget shows Select one: O the amount of profit or loss that would have been earned if budgeted units had been sold and produced at the actual prices and costs O the amount of profit or loss that would have been earned if actual units had been sold and produced at the actual prices and costs O the amount of profit or loss that would have been earned if budgeted units had been sold and produced at the standard prices and costs O the amount of profit or loss that would have been earned if actual units had been sold and produced at the standard prices and costsBorden Enterprises uses standard costing. For the month of April, the company reported the following data: Standard direct labour rate: $10 per hour. Standard hours allowed for actual production: 8,000. Actual direct labour rate: $9.50 per hour. Labour efficiency variance: $4,800 F. The labour rate variance for April is: Select one: $2,850 F O $2,850 U O $3,760 F