Which of the following statement is incorrect?Select one:a. There is a favorable variance when units sold are more than budget.b. An unfavorable variance occurs when it leads to an increase in income.c. A favorable variance occurs when it leads to an increase in incomed. An unfavorable variance occurs when it leads to a decrease in income.

Which of the following statements are true? Multiple select question.A favorable labor rate variance is always favorable for a company.How production supervisors use direct labor workers can lead to labor rate variances.Overtime premiums can cause an unfavorable labor rate variance.Assigning highly skilled, highly paid workers to low skill, low pay level jobs will cause a favorable labor rate variance.

Consider the following statements: When budgets are flexed, fixed costs are unaffected. An adverse variance results in a profit shortfall. Which of the statements is/are correct? Neither 1 nor 2 1 only 2 only 1 and 2

Which of the following statements is true?The materials price variance is computed based on the amount of materials purchased during the period.The standard price per unit for direct materials should reflect the final, delivered cost of the materials.In general, the production manager is responsible for the materials price variance.An unfavorable materials quantity variance occurs when the actual quantity used in production is less than the standard quantity allowed for the actual output of the period.Multiple ChoiceBoth statements 1one and 2 are true.Both statements 2 and 3 are true.All of the statements are true.None of the statements are true.

Which of the following variances will always be favorable when actual unit sales exceed budgeted unit sales?Multiple ChoiceSales activityVariable costFixed costOperating profit

In general, and holding all other things constant, an unfavorable variance decreases operating profits.Group startsTrue or FalseTrue, unselectedFalse, unselected