We ran two scenarios, Based on Lab $10\mathrm{.}5$ Excel Preparing a Direct$-$Cost or Sales$-$Variance Analysis Dashboard, which of the following statements is true about the direct materials efficiency variances?

Multiple Choice

All products have a favorable direct materials efficiency variance.

None of the products have a favorable direct materials efficiency variance.

Only Shaker has a favorable direct materials efficiency variance.

All products except Slab have a favorable direct materials efficiency variance. $38$

Which of the following is true regarding the use of dashboards in budgeting?

Multiple Choice

Skipped

Dashboards can incorporate forecasting and goal$-$tracking features that facilitate comparison between actual and desired performance.

A drawback of dashboards is that they are static and must be updated manually by trained employees.

Dashboards integrate internal data from various sources, but should not be linked to external data to prevent corruption.

Dashboards are mainly used as a tool for analysis of past performance, since there is generally a significant lag between when the data is generated and when it is updated to the dashboard.

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Graw

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$38$ of $55$

Next $42$ What is the final step in determining the overhead allocation rate?

Multiple Choice

Sum all variable overhead associated with each allocation base.

Multiply the total fixed overhead rate by the standard amount of the allocation base to calculate the variable overhead rate per unit.

Divide the total variable overhead by the standard amount of the allocation base to calculate the variable overhead rate per unit.

Select the cost$-$allocation bases for allocating variable overhead costs and estimate the quantity of the bases.

$(1)$ increase the number of coolers sold, and

$(2)$ decrease the direct labor costs for all products, resulting in the following scenario analysis.

Based on these results, what was the $($approximate$)$ percentage decrease for direct labor costs that was used in the analysis?

$05\%$

$10\%$

$15\%$

$20\%$