1. An unfavorable materials quantity variance would occur ifA) more materials we

1. An unfavorable materials quantity variance would occur ifA) more materials were purchased than were used.B) actual pounds of materials used were less than the standard pounds allowed.C) actual labor hours used were greater than the standard labor hours allowed.D) actual pounds of materials used were greater than the standard pounds allowed.2. The labor price variance isA) (AH x AR) (SH x SR).B) (AH x AR) (AH x SR).C) (AH x SR) (SH x SR).D) (AH x SR) (SH x AR).3. The labor quantity variance isA) (AH x AR) (SH x SR).B) (AH x AR) (AH x SR).C) (AH x SR) (SH x SR).D) (AH x SR) (SH x AR).4. Which of the following ignores the time value of moneyA) Internal rate of returnB) Profitability indexC) Net present valueD) Cash payback