The main factors that can cause a variance include the following. Select all that apply.Multiple select question.sales varianceprice variancequantity variancetime variance

Multiple Select QuestionSelect all that applyThe main factors that can cause a variance include the following. Select all that apply.Multiple select question.quantity variancetime varianceprice variancesales variance

Multiple Select QuestionSelect all that applyWhich production variances are due to the difference between the standard and actual quantities?Multiple select question.Raw materials usage varianceVariable overhead spending varianceVariable overhead efficiency varianceDirect labor rate varianceRaw materials price varianceDirect labor efficiency variance

When analyzing variances, it is most likely that management will direct their attention to: (Select all that apply).Multiple select question.large and unfavorable varianceslarge and favorable variancessmall and favorable variancessmall and unfavorable variances

Which of the following are possible causes of a favourable direct materials price​ variance?Group of answer choicesAll of the above are causes of a favourable direct materials price variance.Materials prices increased unexpectedly due to industry shortage.The purchasing manager bought in smaller lot sizes than​ budgeted, thus not obtaining the purchase discounts that were factored in the budget.None of the given choices are correctMaterials prices decreased unexpectedly due to industry oversupply.

If actual sales revenue was $65 350 for the month, whereas budgeted sales revenue was $68 500, the sales variance is:Group of answer choicesnot able to be determined because cost of sales figures are not given.an unfavourable variance of $3150.a favourable variance of $3150.zero.