What distinction must be made when computing the materials price variance vs. the materials quantity variance that is not an issue with the direct labor or variable overhead variances?  Be sure to state why we bother to differentiate?

Material price variances are often isolated at the time materials are purchased, rather than when they are placed into production, to facilitate earlier recognition of variances.   Select one: True False

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials quantity variance is: Direct materials standard (7 Kilogram @ $2/Kilogram) Actual cost of materials purchased Actual direct materials purchased and used Multiple Choice $22.500 unfavorable $27.500 unfavorable $22,500 favorable $50,000 favorable $ 14 per finished unit $ 322,500 150,000 Kilogram

When is the direct labor time variance favorable? A. when the actual quantity used is greater than the standard quantity B. when the actual quantity used is less than the standard quantity C. when the actual price paid is greater than the standard price D. when the actual price paid is less than the standard price